$5,640,000 USD
216-503-3607
2001 Elmwood Ave
Buffalo, NY 14207
North Delaware
HIGHLIGHTS
- Recently Extended Lease | Term Until April 2028 | Annual Rent Increases – Regal recently extended their lease for an additional 3-years (Exp 4/2028)
- Prime Redevelopment Opportunity | No Options Remaining | 8.63 AC Site | Infill Location
- Ultra-Dense Demographics | Nearly 340,000 People in 5-Mile Radius – The Property sits in the heart of the densest pocket of the Buffalo MSA
- Generational Real Estate Offered Well-Below Replacement Cost – Elmwood Regal is a generational piece of real estate
- Outstanding Visibility and Accessibility – Elmwood Regal benefits from excellent visibility and access featuring convenient ingress/egress
- Recent Capital Improvements | Full Roof Replacement Completed in 2018 – Ownership completed a full roof replacement in 2018
FOR SALE DETAILS
PRICE
$5,640,000 USD
PRICE/SF
$87 USD /SF
CAP RATE
10%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Elmwood Regal
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Movie Theatre
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
250
LAND DETAILS
LAND ACRES
8.22 AC
LAND SF
358,063 SF
ZONING
-
APN/PARCEL ID
140200-078-530-0002-007-100
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216-503-3607
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216-503-3607
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