87 Cleveland DrBuffalo, NY 14215

For Sale
$1,500,000

Five-unit shopping center, high-traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a five-unit retail plaza ideally situated on the corner of Cleveland Drive and Century Road in Buffalo, New York. The property boasts a substantial lot size of 250 feet by 150 feet, encompassing a 9,000 square foot building. Currently, the plaza houses five tenants, generating consistent income streams with current rents at $1,500, $1,450, and $1,400 per month for three of the units. The owner currently operates a thriving convenience store and laundromat within the plaza, which are also available for sale separately. This presents a unique opportunity for an investor to acquire a turnkey operation with established income and potential for further growth. The property offers ample parking with twenty-five spaces, ensuring convenient access for customers and tenants. Annual property taxes are $16,000. This prime retail location in Erie County, NY, zip code 14215, offers significant potential for both immediate income and long-term appreciation. The property's size, location, and existing tenant base make it an attractive investment for savvy buyers seeking a stable and profitable venture in the Buffalo market. The coordinates are 42.9436734 latitude and -78.7960069 longitude.

Highlights

  • $1,500,000 asking price.
  • Retail shopping center property type.
  • Located at 87 Cleveland Dr, Buffalo, NY 14215.
  • Five-unit retail plaza totaling 9,000 square feet on a 250' x 150' lot.
  • Features 25 parking spaces.
  • Currently includes a convenience store and laundromat (owner-operated, available for sale separately).

Location Insight

City
Buffalo
County
Erie
State
New York
Latitude
42.9436734
Longitude
-78.7960069
87 Cleveland Dr, Buffalo, New York

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87 Cleveland Dr
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