1516 Military Rd 11,200 SF Vacant Retail Building Buffalo, NY 14217 $3,577,275 CAD ($319.40 CAD/SF)
EXECUTIVE SUMMARY
For sale or master lease this 23-unit ghost kitchen. Hight tech building, fully undated. Hoods, Extraction, Grease Trap/Interceptor, High-end Walk-In Cold + Dry Storage, Industrial-Grade Water Heating, Gas, Makeup and Tempered Air, Staff Break Room, Locker Area, Courier Lounge, Receiving/Loading Area, Restrooms, Mop Wash, Trash/Recycle, Air Conditioning, Gas/Fire Safety System, Wi-Fi/ Phone. Unite SF range from 249 sf, 271 sf each.
Master lease rate $20. per SF NNN. makes this a great investment.
Master lease rate $20. per SF NNN. makes this a great investment.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$22,824
|
$2.04
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$22,824
|
$2.04
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
11,200 SF
Building Class
A
Year Built
1961
Price
$3,577,275 CAD
Price Per SF
$319.40 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.82 AC
Opportunity Zone
Yes
Zoning
P-S - Performance Standards Use District
Parking
20 Spaces (1.79 Spaces per 1,000 SF Leased)
Frontage
120’ on Military Road
AMENITIES
- 24 Hour Access
- Bus Line
- Security System
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
For sale or master lease this 23-unit ghost kitchen. Hight tech building, fully undated. Hoods, Extraction, Grease Trap/Interceptor, High-end Walk-In Cold + Dry Storage, Industrial-Grade Water Heating, Gas, Makeup and Tempered Air, Staff Break Room, Locker Area, Courier Lounge, Receiving/Loading Area, Restrooms, Mop Wash, Trash/Recycle, Air Conditioning, Gas/Fire Safety System, Wi-Fi/ Phone. Unite SF range from 249 sf, 271 sf each. Master lease rate $20. per SF NNN. makes this a great investment.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 11,200 SF | Retail | - | Now |
1st Floor
| Size |
| 11,200 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 146489-065-120-0001-024-000 | Total Assessment | $174,706 CAD (2023) |
| Land Assessment | $78,761 CAD (2023) | Annual Taxes | $22,824 CAD ($2.04 CAD/SF) |
| Improvements Assessment | $95,945 CAD (2023) | Tax Year | 2024 |
