Fully Leased Buffalo Area Building

1430 Colvin Blvd, Buffalo, NY 14223

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For Sale

$900,000

Fully leased commercial building in Buffalo, offering stable income.

Property size:

3,821 SF

Lot size:

0.40 Acres

Price / SF:

$235/SF

HighLights

Fully leased property providing a secure income stream.
Building size of 3,821 SF offers versatile spaces.
Zoned A, suitable for a variety of commercial uses.
Current lease agreement expires in approximately five years.
Constructed in 1979, indicating established presence.
100% occupancy demonstrates strong tenant demand.

We can help!

Contact an agent

Michael R Scheid

For Sale

$900,000

Fully leased commercial building in Buffalo, offering stable income.

Property size:

3,821 SF

Lot size:

0.40 Acres

Price / SF:

$235/SF

Added:: Feb 27, 2025
Days on Market:: 493
Last Refresh:: Jan 20 at 8:34 am

Property Features for 1430 Colvin Blvd

General Information

Standard status: Active
Size: 3,821 SF
Lot size: 0.40 Acres

We can help!

Contact an agent

Michael R Scheid

Listing office HUNT Commercial Real Estate Corp. of Buffalo New York

Listing date Feb 27, 2025

Source Exprealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of HUNT Commercial Real Estate Corp. of Buffalo New York

HighLights

Fully leased property providing a secure income stream.
Building size of 3,821 SF offers versatile spaces.
Zoned A, suitable for a variety of commercial uses.
Current lease agreement expires in approximately five years.
Constructed in 1979, indicating established presence.
100% occupancy demonstrates strong tenant demand.

Overview

This fully leased, 3,821 square foot building, constructed in 1979 and zoned A, is located in the Buffalo area. The property is currently 100% occupied. The current lease agreement is set to expire in approximately five years. The property is suitable for investors seeking stability and potential, as well as longer-term owner/users looking to secure a prime asset. The building offers versatile spaces designed to meet modern tenant needs, positioning it to capitalize on the commercial landscape.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$77.9k	$20.40
− Vacancy	−$14.4k	−$3.77
EGI	$63.5k	$16.63
− OpEx	−$15.9k	−$4.16
NOI	$47.6k	$12.47

3,821 SF · lease $20.40/SF/yr · vacancy 18.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$680.7K

$595.6K – $794.1K (±1% cap)

NOI $47,646 @ 7.0% cap · market cap 5.29%

Second Best

—

no second resolved use

Theoretical Best

Office A

$918.9K

$804.0K – $1.07M (±1% cap)

NOI $64,321 @ 7.0% cap · market cap 7.15%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Bartels Edward Kell ... Physician Weissman Mark A MD Physician Julie Gavin Physician Dr. Calogero Ippolito Pediatrician Chelsea Ying Physician

Suggested Use

Location Insight

Map
Local Demand

City: Buffalo
County: Erie
State: New York
Longitude: -78.8586
Latitude: 42.9794

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For sale
Office buildings
NY
Buffalo
14223
1430 Colvin Blvd

What type of property is this?

Office building - Fully leased commercial building in Buffalo, offering stable income.

Where is this office building located?

The property is located at 1430 Colvin Blvd Buffalo, NY.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: Fully leased property providing a secure income stream.; Building size of 3,821 SF offers versatile spaces.; Zoned A, suitable for a variety of commercial uses.