1510 Bailey Ave
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1510 Bailey Ave
19,000 SF 100% Leased Industrial Building Buffalo, NY 14212 $449,000 ($24/SF)
Investment Highlights
- Great Development Parcel
- Economic Development Zone
- Additional Storage buildings could be added
- Great upside potential
Executive Summary
Just under 1 acre, located in the Bailey-Lovejoy area of Buffalo, this light industrial parcel also has a single family home (2bed1bath) a warehouse, a retail hair salon and many storage units on site. Property could be developed to add additional storage, garages, or total redevelopment. Located in an Economic Development Zone. Property has a clean Phase 2. Property has 3 phase power at the building.
Under Market Rents, Potential to add additional units.
Under Market Rents, Potential to add additional units.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$36,700
|
$1.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$36,700
|
$1.93
|
| Taxes |
$2,495
|
$0.13
|
| Operating Expenses |
$7,244
|
$0.38
|
| Total Expenses |
$9,739
|
$0.51
|
| Net Operating Income |
$26,961
|
$1.42
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $36,700 |
| Annual Per SF | $1.93 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $36,700 |
| Annual Per SF | $1.93 |
| Taxes | |
|---|---|
| Annual | $2,495 |
| Annual Per SF | $0.13 |
| Operating Expenses | |
|---|---|
| Annual | $7,244 |
| Annual Per SF | $0.38 |
| Total Expenses | |
|---|---|
| Annual | $9,739 |
| Annual Per SF | $0.51 |
| Net Operating Income | |
|---|---|
| Annual | $26,961 |
| Annual Per SF | $1.42 |
Property Facts
Amenities
- Bus Line
- Fenced Lot
- Security System
- Yard
- Storage Space
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
PROPERTY TAXES
| Parcel Number | 140200-112-320-0006-002-100 | Total Assessment | $120,000 |
| Land Assessment | $44,800 | Annual Taxes | $2,495 ($0.13/SF) |
| Improvements Assessment | $75,200 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
140200-112-320-0006-002-100
Land Assessment
$44,800
Improvements Assessment
$75,200
Total Assessment
$120,000
Annual Taxes
$2,495 ($0.13/SF)
Tax Year
2023
zoning
| Zoning Code | M1 & CM (Light Industrial/ Warehousing) |
| M1 & CM (Light Industrial/ Warehousing) |
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1510 Bailey Ave
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