Commercial Land in Buffalo, New York, offers a unique investment opportunity for those looking to capitalize on the city's diverse economy. With a rich history and strategic location at the eastern end of Lake Erie, Buffalo has transitioned from a manufacturing hub to a service-based economy, focusing on healthcare, retail, tourism, logistics, and education. Commercial Land in Buffalo presents a chance to invest in a city with a strong presence of major corporations, educational institutions, and cultural landmarks. This property type can represent various investment opportunities, such as retail centers,office spaces, or industrial facilities, catering to the needs of a population of approximately 260,000 people.
Buffalo's infrastructure, including the Colonel Francis G. Ward Pumping Station, Buffalo Sewer Authority, and National Grid, supports the growth of Commercial Land investments. The city's transportation hubs, like the Buffalo Niagara International Airport and the Niagara Frontier Transportation Authority (NFTA) bus system, provide convenient access to the region. With 19 Commercial Land listings available, investors can choose from a range of options, including properties with an average price per square foot of $41 USD and an average size of 53,188 square feet. The largest available property spans 94,820 square feet, offering ample space for various commercial ventures. Buffalo's Commercial Land market also boasts an average cap rate of , making it an attractive option for investors. Additionally, the city is home to other property types, such as office spaces, industrial facilities, and retail centers, each with its unique characteristics and investment opportunities.
What are common commercial uses for land in the Buffalo market?
In the Buffalo market, common commercial uses for land include retail spaces, office buildings, and industrial facilities, which cater to the city's diverse economy comprising healthcare, business services, retail, tourism, logistics, and manufacturing sectors.
With 19 available listings of commercial land, investors and developers can explore opportunities for mixed-use projects, corporate offices, and housing units, particularly in revitalized neighborhoods like the Elmwood Village, Larkinville, and Downtown Buffalo, which have seen increased investment since the 1990s.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Buffalo, there are several common ways to do so. For instance, investors can buy land directly from private sellers, work with real estate agents or brokers, or explore online marketplaces like CityFeet.com, which currently lists 19 available commercial land listings, with an average price per square foot of $41 USD and an average size of 53,188 square feet.
Before making a purchase, it's essential to do your due diligence and research the process thoroughly. If you're new to land investment, it's a good idea to start by reading our guide on how to buy land, which covers the ins and outs of land investment and can help you make an informed decision.
