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Redevelopment Opportunity - West Buffalo, NY | 356 Ferry St
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Redevelopment Opportunity - West Buffalo, NY 356 Ferry St
1,242 SF Retail Building Buffalo, NY 14213 $1,445,053 CAD ($1,163 CAD/SF)
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INVESTMENT HIGHLIGHTS
- Near Contiguous Site
- Redevelopment Opportunity
- Multiple Curb Cuts
EXECUTIVE SUMMARY
Redevelopment opportunity on Buffalo’s West Side! This twelve parcel, 1.22 acre site is prime opportunity for new development with a tremendous footprint to work with. Located primarily on West Ferry Street and Arnold Street, all 12 parcels are adjoining and form a near contiguous site for maximum functionality.
Seven of the parcels are situated on West Ferry St. and span more than half a block. These are all zoned N-2C which allow for a range of residential and retail uses. There is a total of 332’ of frontage and four curb cuts. These parcels currently stand as a mixture of vacant land mixed use and retail structures. Address numbers include: 326, 328, 332, 338, 340, 342, 356.
Five of the parcels are situated on Arnold St. and are all zoned N-2R. There is a total of 182’ of frontage and one driveway. These parcels stand as a mixture of vacant land and a single-family residence. Address numbers include: 49, 45, 41, 31, 27. Portfolio is complete with maximum corner exposure to include 215’ of frontage on Parkdale Ave.
Properties are located on a walkable street with a vibrant local business scene. Located less than 5 minutes from the Elmwood village, less than 5 minutes from major highway access, quick travel to downtown and the Buffalo Niagara Medical Campus, and minutes from the peace bridge entry into Canada.
Seven of the parcels are situated on West Ferry St. and span more than half a block. These are all zoned N-2C which allow for a range of residential and retail uses. There is a total of 332’ of frontage and four curb cuts. These parcels currently stand as a mixture of vacant land mixed use and retail structures. Address numbers include: 326, 328, 332, 338, 340, 342, 356.
Five of the parcels are situated on Arnold St. and are all zoned N-2R. There is a total of 182’ of frontage and one driveway. These parcels stand as a mixture of vacant land and a single-family residence. Address numbers include: 49, 45, 41, 31, 27. Portfolio is complete with maximum corner exposure to include 215’ of frontage on Parkdale Ave.
Properties are located on a walkable street with a vibrant local business scene. Located less than 5 minutes from the Elmwood village, less than 5 minutes from major highway access, quick travel to downtown and the Buffalo Niagara Medical Campus, and minutes from the peace bridge entry into Canada.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
---|---|---|
Taxes |
$12,132
![]() |
$9.77
![]() |
Operating Expenses |
-
![]() |
-
![]() |
Total Expenses |
$12,132
![]() |
$9.77
![]() |
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
Taxes (CAD) | |
---|---|
Annual | $12,132 |
Annual Per SF | $9.77 |
Operating Expenses (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses (CAD) | |
---|---|
Annual | $12,132 |
Annual Per SF | $9.77 |
PROPERTY FACTS
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
1,242 SF
Building Class
C
Year Built
1950
Price
$1,445,053 CAD
Price Per SF
$1,163 CAD
Building Height
1 Story
Building FAR
0.02
Lot Size
1.22 AC
Opportunity Zone
Yes
Zoning
N-2C, N-2R - Commercial, Retail, Residential
Frontage
332 ft on West Ferry St
AMENITIES
- Bus Line
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (74)
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | 140200-099-350-0005-017-000 | Total Assessment | $62,858 CAD (2023) |
Land Assessment | $50,001 CAD (2023) | Annual Taxes | $12,132 CAD ($9.77 CAD/SF) |
Improvements Assessment | $12,857 CAD (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
140200-099-350-0005-017-000
Land Assessment
$50,001 CAD (2023)
Improvements Assessment
$12,857 CAD (2023)
Total Assessment
$62,858 CAD (2023)
Annual Taxes
$12,132 CAD ($9.77 CAD/SF)
Tax Year
2024 Payable 2024
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Redevelopment Opportunity - West Buffalo, NY | 356 Ferry St
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