427 Delaware - Office FOR SALE


Buffalo, NY 14202
$1,750,000 USD
716-882-0212
427 Delaware, Buffalo, NY for Sale
$1,750,000 USD
Office - FOR SALE
1/20
null | 8.5% Cap Rate

427 Delaware
Buffalo, NY 14202


HIGHLIGHTS

  • Central location
  • Parking Lot
  • Historic Building
  • Income Producing

OVERVIEW

PRICE REDUCED! Rare opportunity to own a signature building on prestigious Delaware Avenue. Seller occupies 2nd floor office space, but is downsizing. Perfect opportunity for a professional services firm looking for the benefits of property ownership. Fully leased ground floor generates $135k in additional annual income, with all tenants on long-term leases with annual escalations. The property is ideally situated adjacent to the Central Business District and the Buffalo Niagara Medical Campus. It is located in the heart of the City, with a large parking lot that provides easy stress-free access. PLEASE SEE ATTACHED BROCHURE WITH ADDITIONAL INFORMATION.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$113 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

N-2C

APN/PARCEL ID

140200-111-220-0009-016-000

ASK ABOUT THIS PROPERTY

Matt HartrichSchneider Real Estate ServicesMore Info
716-882-0212

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Matt HartrichSchneider Real Estate ServicesMore Info
716-882-0212

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.