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580 Kensington Ave 0.1 Acres of Commercial Land Offered at $89,900 in Buffalo, NY 14214
INVESTMENT HIGHLIGHTS
- High Traffic, Many Possible Uses By Right
- Close to the 33 expressway and Delaware Park
- Near ECMC, Sister's Hospital, and the Northland Workforce Training Center
EXECUTIVE SUMMARY
Welcome to 580 Kensington Avenue, Buffalo, NY. This commercially zoned N-3E vacant lot measures 14,850 sq.ft, with 135 ft. of frontage. The lot has one curb cut at Dewey Ave. and two curb cuts along Kensington Ave. -- 580 Kensington Ave – N-3E Zoning Overview Under Buffalo’s Green Code, the N-3E (Mixed-Use Edge) zoning allows for a range of residential and light commercial uses ideal for neighborhood-scale development. Industrial or outdoor storage uses are not permitted, but many income-generating options are allowed by right, reducing risk and delays. ++++Top Investment-Friendly Uses++++ //***Mixed-Use Residential + Commercial – Apartments or live-work units above retail/office space. Multiple income streams, potential subsidies/tax credits, fits neighborhood without a variance.***// //***Small-Scale Multi-Family Housing – Duplex, triplex, or 4+ units. Steady rental income, strong demand for mid-density housing, potential for new or modular builds.***// //***Office/Co-Working Space – Professional offices for small businesses and remote workers. Lower build-out cost than retail, can be standalone or part of mixed-use.***// //***Retail/Food Service – Café, boutique, salon, or takeout spot. Walkable location, local operator appeal, can pair with upstairs residential.***// //***Community Services/Nonprofits – Daycare, tutoring, health clinic, or support services. Long-term tenants with stable funding; potential grants and LIHTC partnerships.***// //---Development Formats---// //#2–3 story infill construction with street frontage#// //#Modular/prefab for faster, lower-cost builds#// //#Green redevelopment with NYSERDA incentives#// //-!-Investor Selling Points-!-// //++__Prime location near Delaware Park, ECMC, and public transit__++// //++__Market demand for affordable rentals and community-scale businesses__++// //++__Flexible zoning allows valuable uses without special approvals.__++// //$$$---Great location with close proximity to ECMC (Erie County Medical Center), Burgard High School, Dewey Avenue Playground, Sister's Hospital, the Northland Workforce Center, and the 33 expressway.$$$---// ------Invest in Buffalo!
SHOW AT WILL.
SHOW AT WILL.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$3,000
|
$30,000.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$3,000
|
$30,000.00
|
| Taxes |
$440
|
$4,400.00
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$440
|
$4,400.00
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $3,000 |
| Annual Per AC | $30,000.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $3,000 |
| Annual Per AC | $30,000.00 |
| Taxes | |
|---|---|
| Annual | $440 |
| Annual Per AC | $4,400.00 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $440 |
| Annual Per AC | $4,400.00 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $89,900 | Lot Size | 0.10 AC |
| Price Per AC | $899,000.00 |
| Price | $89,900 |
| Price Per AC | $899,000.00 |
| Lot Size | 0.10 AC |
Welcome to 580 Kensington Avenue, Buffalo, NY. This zoned N-3E vacant lot measures 14,850 sq.ft, 0.34 AC, with 135 ft. of frontage. The lot has one curb cut at Dewey Ave. and two curb cuts along Kensington Ave. Close to ECMC & Sister's Hospitals.
DESCRIPTION
Welcome to 580 Kensington Avenue, Buffalo, NY. This commercially zoned N-3E vacant lot measures 14,850 sq.ft, with 135 ft. of frontage. Re-Imagine this space as the ideal location in a high traffic development corridor. Great location with close proximity to ECMC (Erie County Medical Center), Burgard High School, Dewey Avenue Playground, Sister's Hospital, the Northland Workforce Center, and the 33 expressway. Invest in Buffalo!
1 1
PROPERTY TAXES
| Parcel Number | 140200-090-530-0002-021-000 | Total Assessment | $5,000 (2024) |
| Land Assessment | $5,000 (2024) | Annual Taxes | $440 |
| Improvements Assessment | $0 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
140200-090-530-0002-021-000
Land Assessment
$5,000 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$5,000 (2024)
Annual Taxes
$440
Tax Year
2025
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