333 Elmwood Avenue, Buffalo, NY 14222

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Property Description

Prime Elmwood Strip Investment Property We are pleased to present a rare opportunity to acquire an income-producing, all-brick property in one of Buffalo's most recognizable and walkable urban corridors. Currently holding a Net Operating Income (NOI) of $67,360 at current occupancy (87%) with a potential projected NOI up to $96,716 at 100% occupancy. The asset is ideally positioned on the Elmwood Strip between Elmwood Village and Allentown, the property benefits from strong neighborhood visibility, convenient access to shops, restaurants, cafes, cultural destinations, and nearby employment anchors, including the Buffalo Niagara Medical Campus and Oishei Children's Hospital. The property is currently configured as a three-story lodging house with 16 rentable rooms, offering investors an established income stream with multiple occupancy options. Six rooms include private bathrooms, while the remaining rooms are supported by shared bathrooms located throughout the building. With approximately 9,684 square feet, the building provides substantial scale for continued operation as a cash-flowing rental asset, while also presenting potential long-term upside through repositioning, renovation, or possible conversion into larger apartment-style units, subject to applicable approvals. Located in the vibrant Elmwood Bryant area, the property sits within a neighborhood known for its walkability, historic architecture, independent businesses, restaurants, coffee shops, galleries, and active street life. This central location is a key demand driver for renters seeking convenient access to daily amenities, entertainment, public transit, and major Buffalo destinations. For investors, the combination of an irreplaceable urban location, existing rental income, and flexible future use potential makes this a compelling offering in a highly desirable Buffalo submarket.

333 Elmwood Avenue | MLS# B1698331

This commercial property located at 333 Elmwood Avenue, Buffalo, NY 14222 is currently listed for sale with an asking price of $250,000. Elmwood Avenue is located within the Buffalo school district. Search Buffalo real estate on www.coldwellbankerprime.com today.

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Property Features

Property Type: Commercial - Business
Basement: Full, Storage Space
Heating: Gas, Hot Water, Radiant
Lot Size: 0.23 Acres
Roof Type: Metal, Pitched
Stories: 3.0
Taxes: $9,614
Year Built: 1910

Feature Descriptions

Accessibility: Accessible Doors
Building Features: Public Restrooms
Days on Site: 2
Exterior: Brick, Block, Frame, Metal Siding
Flooring: Hardwood, Varies
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 50X200
Parcel#: 140200-100-620-0001-036-000
Parking: On Site
Parking Notes: On Site
Sewer: Public Sewer
Units: 15
Utilities: Electricity Connected, Sewer Connected

Local Schools

School District: Buffalo

Demographics

Listed By / Shown By

Listing By

Agency Name: Keller Williams Realty WNY
Agency Contact: 716-374-2594

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

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