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Redevelopment Site - Buffalo, NY 356 Ferry St 1,242 SF 100% Leased Retail Building Buffalo, NY 14213 $1,394,524 CAD ($1,122.81 CAD/SF)



INVESTMENT HIGHLIGHTS
- Prime REDEVELOPMENT opportunity!
EXECUTIVE SUMMARY
Prime REDEVELOPMENT opportunity! Located within an OPPORTUNITY ZONE and potential for BROWNFIELD TAX CREDITS, this is the perfect site for a new build mixed use apartment and retail structure. Situated on Buffalo’s West Side, this twelve parcel, 1.22 acre site is perfect for new development with an ideal 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.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
1,242 SF
Building Class
C
Year Built
1950
Price
$1,394,524 CAD
Price Per SF
$1,122.81 CAD
Percent Leased
100%
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
AMENITIES
- Bus Line
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 140200-099-350-0005-017-000 | Improvements Assessment | $12,691 CAD |
| Land Assessment | $49,353 CAD | Total Assessment | $62,044 CAD |
PROPERTY TAXES
Parcel Number
140200-099-350-0005-017-000
Land Assessment
$49,353 CAD
Improvements Assessment
$12,691 CAD
Total Assessment
$62,044 CAD
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Redevelopment Site - Buffalo, NY | 356 Ferry St
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