224 Elmwood Ave
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224 Elmwood Ave
8,266 SF 100% Leased Retail Building Buffalo, NY 14222 $1,806,678 CAD ($219 CAD/SF)
INVESTMENT HIGHLIGHTS
- Business District
- Retail/residential
- Mixed use zoning
EXECUTIVE SUMMARY
224 Elmwood Avenue is an investment or redevelopment opportunity in the Allentown neighborhood of Buffalo NY. Subject property provides 112 feet of frontage on a .33-acre lot with 6012 square feet 2-sory building and full basement. Mixed-use N-2C Zoning allows for residential and commercial uses. Currently mix use building 3 apartments and 4 store fronts with loads of parking. Gross income $101,880 Convenient location, minutes to the Canadian Border, expressways, schools, shopping in a densely populated neighborhood.
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$13,519
|
$1.64
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$13,519
|
$1.64
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Taxes (CAD) | |
|---|---|
| Annual | $13,519 |
| Annual Per SF | $1.64 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $13,519 |
| Annual Per SF | $1.64 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
8,266 SF
Building Class
C
Year Built
1930
Price
$1,806,678 CAD
Price Per SF
$219 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.58
Lot Size
0.33 AC
Zoning
n2c - commercial
Parking
24 Spaces (3.3 Spaces per 1,000 SF Leased)
Frontage
84 ft on Elmwood Ave Ave
AMENITIES
- Metro/Subway
- Storage Space
- Air Conditioning
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 140200-100-690-0006-001-000 | Total Assessment | $573,356 CAD (2023) |
| Land Assessment | $203,828 CAD (2023) | Annual Taxes | $13,519 CAD ($1.64 CAD/SF) |
| Improvements Assessment | $369,528 CAD (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
140200-100-690-0006-001-000
Land Assessment
$203,828 CAD (2023)
Improvements Assessment
$369,528 CAD (2023)
Total Assessment
$573,356 CAD (2023)
Annual Taxes
$13,519 CAD ($1.64 CAD/SF)
Tax Year
2022
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224 Elmwood Ave
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