• Broker Joseph Farrauto 7164652063

1516 Military Rd 11,200 SF Vacant Retail Building Buffalo, NY 14217 $3,563,400 CAD ($318.16 CAD/SF)

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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.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Taxes $22,736 $2.03
Operating Expenses - -
Total Expenses $22,736 $2.03

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
$3,563,400 CAD
Price Per SF
$318.16 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.82 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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
  • 1st Floor
  • 11,200 SF
  • Retail
  • -
  • Now
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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

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
Military Rd Hampton Pkwy, S 19,022 2022 0.14 km
Sheridan Dr Military Rd, E 14,042 2022 0.27 km
Military Rd Thurston Ave, N 18,254 2022 0.44 km
Sheridan Dr Elmwood Ave, E 21,357 2022 0.46 km
Military Road Race St, S 19,903 2018 0.55 km
Woodward Ave Military Rd, E 3,640 2022 0.58 km
Elmwood Ave Kenview Ave, N 11,975 2022 0.65 km
Military Rd Coventry Rd, S 18,238 2022 0.70 km
Elmwood Ave Homewood Ave, S 6,811 2022 0.81 km
Sheridan Dr E PkDr, E 12,753 2022 0.91 km

NEARBY MAJOR RETAILERS

Tim Hortons
Citizens Bank
Lake Shore Savings Bank
Northwest Bank
Bank of America
Tops Friendly Markets
Starbucks
Hertz Equipment Rental
Planet Fitness

PROPERTY TAXES

Parcel Number 146489-065-120-0001-024-000 Total Assessment $174,706 CAD (2023)
Land Assessment $78,761 CAD (2023) Annual Taxes $22,736 CAD ($2.03 CAD/SF)
Improvements Assessment $95,945 CAD (2023) Tax Year 2024

MAP

ADDITIONAL PHOTOS

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