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736-738 Elmwood Ave 5,497 SF 100% Leased Retail Building Buffalo, NY 14222 $1,099,900 ($200.09/SF) 5.01% Cap Rate
Executive Summary
Prime Retail Corridor 5,497 sq ft Mixed Use Building in the Heart of the Elmwood Village! Building
features two primary storefronts that have steady leases through 2027 and 2029. First floor features 2,000 square
feet of retail in total with modern storefront windows, a tasteful brick facade and updated buildouts
that feature Little Salmon and Watson's Chocolates. 2nd and 3rd floor features 4 city apartments that
offer convenience to amenities, shops, Lexington Coop, Bidwell Market and various downtown
amenities to provide strong demand for releasing. Each apartment was recently renovated in 2013 and
feature updated kitchen and bath, hardwood floors, new windows and a spacious living area. All units
including retail have their own separate utilities for gas and electric. Property is fully rented and
bankable with opportunity to increase to market rates. Locations like these do not come often! Showings require 24 hr notice for apartment
viewings.
features two primary storefronts that have steady leases through 2027 and 2029. First floor features 2,000 square
feet of retail in total with modern storefront windows, a tasteful brick facade and updated buildouts
that feature Little Salmon and Watson's Chocolates. 2nd and 3rd floor features 4 city apartments that
offer convenience to amenities, shops, Lexington Coop, Bidwell Market and various downtown
amenities to provide strong demand for releasing. Each apartment was recently renovated in 2013 and
feature updated kitchen and bath, hardwood floors, new windows and a spacious living area. All units
including retail have their own separate utilities for gas and electric. Property is fully rented and
bankable with opportunity to increase to market rates. Locations like these do not come often! Showings require 24 hr notice for apartment
viewings.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$56,352
|
$12.98
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $56,352 |
| Annual Per SF | $12.98 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,497 SF
Building Class
C
Year Built/Renovated
1920/2013
Price
$1,099,900
Price Per SF
$200.09
Cap Rate
5.01%
NOI
$55,070
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.87
Lot Size
0.07 AC
Zoning
N-2C - N-2C: Mixed Use
Frontage
43’ on Elmwood Ave
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Ten Thousand Villages is more than just a store; it is a global maker-to-market movement. It offers a way to shop intentionally for ethically-sourced goods while fostering a connection with makers from over ten thousand villages. As a pioneer of fair trade, Ten Thousand Villages conducts business with a focus on people and the planet. This means that every handmade purchase made through the store has a direct, positive impact on the lives and communities of the artisans in developing countries.
- Watson's Chocolates
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - | ||
| Watson's Chocolates | Retailer | - | - | - |
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 140200-100-210-0004-014-000 | Improvements Assessment | $635,500 |
| Land Assessment | $70,600 | Total Assessment | $706,100 |
Property Taxes
Parcel Number
140200-100-210-0004-014-000
Land Assessment
$70,600
Improvements Assessment
$635,500
Total Assessment
$706,100
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736-738 Elmwood Ave
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