Lease to Own
Address
758 Elmwood Avenue, Buffalo, NY
Price
$ 1,750,000
Property Attributes
  • MLS#B1514802
  • TypeCommercial
  • CountyERIE
  • CityBuffalo
  • AreaBuffalo City
  • Zip14222
  • StyleMixedUse
  • Year Built1895
  • Taxes$ 15944
  • Price$ 1,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage11437
  • Lot Size8,795 SqFt
Data Source:
Central New York Information Services (CNYIS)
Property Description

This exceptional multi-use space is in the heart of Elmwood Village. Boasting three distinct commercial units, this property offers an ideal opportunity for entrepreneurs seeking a prime location for their ventures. Additionally, two thoughtfully updated apartments, each featuring two bedrooms and a full bathroom, provide comfortable and contemporary living spaces. Great opportunity for investors. The convenience of six dedicated parking spots enhances the appeal of this property, ensuring accessibility for both residents and businesses alike. Embrace the dynamic energy of Elmwood Village, where a thriving community, eclectic shops, and vibrant cultural experiences converge. This unique offering promises a harmonious blend of commercial potential and residential comfort in one of Buffalo's most sought-after neighborhoods. Current tenants occupy apartments and 2 commercial spaces (one yoga studio and one restaurant). 3rd retail space is currently vacant and on market to lease/sell. Month to month leases. Current rents are lower than market value due to pandemic. Income growth potential when rent is back to market value.

Price History
1/8/2024 Listed $17,500,000
1/8/2024 90% - $1,750,000

General Features

Heating Gas,Zoned,ForcedAir
Cooling Zoned,CentralAir
Utilities SewerAvailable
Possession Closing,Negotiable
Roof Asphalt
Zoning commercial
Year Built 1895
Stories 3
Township Not Applicable
Property SubType MixedUse
County Erie
Net Operating Income -15944.0
Property Type CommercialSale
Possible Use Residential,Retail,Service
Status Active
Directions Elmwood Avenue between Auburn and Cleveland
City Buffalo
High School District Buffalo
Zoning Description Residential Multi Use
Total Units 5
MLS Area Buffalo City-140200
Waterfront Y/N No
Street Name Elmwood
Year Built Details Existing
Tax Annual Amount 15944.0
Property Condition Resale
Lease Considered Y/N No
Days on Market 32
Standard Status Active
Middle/Junior School District Buffalo
Elementary School District Buffalo
Tax Assessed Value 725000
TaxOtherAnnualAssessmentAmount 942.0
Tax Lot 8
Property Sub Type Additional MixedUse

Interior Features

Basement Full,StorageSpace
Flooring Carpet,Hardwood,Varies
Total Stories 3
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Avenue

Exterior Features

Parking Features OnSite
Total Parking 6.0
Inclusions Building Only
Lot Size Area 0.2019
Number of Buildings 1
Building Area Total 11437.0
Lot Dimensions 41X143
Lot Size Acres 0.2019
Lot Size Units Acres

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 14222

Price
AVG $1.05M
$1.75M
Taxes
AVG $9,391
$15,944
Visits
AVG 62
70
Data Provided by Inside Real Estate®
Year Built
AVG 1906
1895

Areas We Cover

Fair Housing Icon NY Fair Housing Notice