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Citgo 524 Hinman Ave

1,760 SF Retail Building Buffalo, NY 14216 $495,000 ($281/SF)

Investment Highlights

  • 1,644+/- SF BUILDING
  • Double walled piping
  • Lot Size: 0.36 Acres 160' x 98'
  • (1) 12,000 gallon double walled steel tank
  • 2 dispensers under 1 canopy
  • Property being Sold As-Is

Executive Summary

Great opportunity to purchase a 1,644+/- SF unbranded Gas/Service station and former Autobody repair shop on a popular intersection with great exposure at Hinman Ave. & Military Rd. directly across from Froth Brewing & Wingnutz. Located in WNY with solid residential development surrounding location and daytime/night time activity. 1,644+/- SF space. Lot size 160' x 98'. POS system and security system on site. One 12,000 gallon double walled steel tank (3,000 gallons Premium, 9,000 gallons Regular) with double walled piping. 3 above ground oil tanks which contain used oil (heating, on-site consumption). 2 newer dispensers with 4 fueling stations under 1 canopy. Pole sign on the street. Plenty of space for parking. This former Autobody repair shop is plenty of space to convert into a convenience store. All equipment available for an additional price. Seller is willing to hold papers with a sizable down payment. Very favorable 10 year Product Supply Agreement.
Property is being Sold As-Is. Located on Hinman Avenue between Elmwood Ave. and Military Rd. Many area retailers including Tops Supermarket, ALDI Foods, The Home Depot, Wendy's, Tim Horton's, Target, Price Rite Marketplace, PetSmart, Party City, Five Below. Easy access to NYS Thruway I-90 and Route 33 Kensington Expressway.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Service Station
Building Size
1,760 SF
Building Class
C
Year Built
1920
Price
$495,000
Price Per SF
$281
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.36 AC
Opportunity Zone
Yes
Zoning
D-S

Amenities

  • Signage
  • Signalized Intersection
Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Tim Hortons
ALDI
Rent-A-Center
Checkers
F45 Training, Inc.
Tops Friendly Markets
Citizens Bank
Starbucks
LA Fitness
Five Guys

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
140200-077-430-0005-009-100
Land Assessment
$15,700
Improvements Assessment
$106,300
Total Assessment
$122,000
  • Listing ID: 30912201

  • Date on Market: 2/8/2024

  • Last Updated:

  • Address: 524 Hinman Ave, Buffalo, NY 14216

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