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644&678 Bailey Avenue 644 Bailey Ave

128,000 SF 100% Leased Industrial Building Buffalo, NY 14206 $2,800,000 ($22/SF)

Investment Highlights

  • Great location for Redevelopment - Economic Development Zone
  • On a bus route and close to the thruway
  • Proximity to Downtown Buffalo

Executive Summary

Location: The subject property is located on the west side of Bailey Avenue in the City of
Buffalo, County of Erie and State of New York.
The subject is located in the northwestern quadrant of Erie County.
Boundaries: The market area boundaries are detailed as follows:
North: East Amherst Street
South: Milestrip Expressway
West: Niagara Street
East: Union Road
644 & 678 Bailey Avenue have average access from Bailey Avenue. 874 Bailey
Avenue does not have direct access to Bailey Avenue and can be accessed via an easement with
the neighboring property. The subject is located less than a mile from the I-190 Highway
entrance and exit ramps.
General Market Area Present Use - %
Type of Area Urban Single Family 35
Growth Rate Stable Multi-Family 25
New Construction Some Commercial 15
Development in Area 95% Industrial 20
Area Trends Appear to be Steady Undeveloped 5
MSA Buffalo Distance to CBD 4 miles
Nearest Highway I-190 Distance to Highway ~1 mile
The current permitted uses for the subject site include, but are not limited to:
1. Office Warehouse
2. Offices
3. Retail
4. Restaurants
5. Other similar uses of the same general character

Data Room Click Here to Access

Property Facts

Price $2,800,000
Price Per SF $22
Sale Type Investment or Owner User
Sale Conditions Redevelopment Project
Property Type Industrial
Property Subtype
Warehouse
  • OfficeLoft Creative Space
  • Office Office Residential
  • Office Industrial Live Work Unit
Building Class C
Lot Size 3.10 AC
Rentable Building Area 128,000 SF
No. Stories 2
Year Built 1930
Parking Ratio 0.23/1,000 SF
No. Dock-High Doors/Loading 10
No. Drive In / Grade-Level Doors 3
Opportunity Zone Yes

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 140200-123-060-0001-006-000
  • 140200-123-060-0001-007-000
Land Assessment
$228,000
Improvements Assessment
$607,000
Total Assessment
$835,000

zoning

Zoning Code D-IL (The subject property is currently situated in a D-IL- Light Industrial Zoning District. According to information supplied by the City’s Zoning Dept.)
D-IL (The subject property is currently situated in a D-IL- Light Industrial Zoning District. According to information supplied by the City’s Zoning Dept.)
  • Listing ID: 31804694

  • Date on Market: 5/15/2024

  • Last Updated:

  • Address: 644 Bailey Ave, Buffalo, NY 14206

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