Remodeled Elmwood Village
For Sale
$899,999
142 Bidwell Parkway, Buffalo, NY 14222
High-end medical/office property in Buffalo's vibrant Elmwood Village.
Property Size2,643 SF
Price / SF$340.52
Days on Market130
Property Features for 142 Bidwell Parkway
General Information
Standard status
Active
Size
2,643 SF
Property subtype
Healthcare
Listing Agency:
CBRE | Buffalo
(716) 855-3700
Listed By:
Lida Eberz · License #Real Estate Salesperson
Source:
Cbre
Added: Mar 25
Changed: Jul 10
Last Checked: Jul 31 at 4:35AM
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 CBRE | Buffalo
Investment Insights
Based on property information with market context.
This high-end medical/office property is located in Buffalo’s lively Elmwood Village. Constructed in 1910 and recently remodeled, the 2,643-square-foot, converted three-story residence features an elegant and functional design, with marble countertops and plumbing throughout, accentuated by vintage chandeliers and French pocket doors with leaded glass. Hardwood floors and built-in cabinetry are present throughout the building. The first floor includes a reception area, a kitchenette, and four exam/treatment rooms with plumbing. The second floor offers four treatment rooms, three of which have plumbing. A new roof was completed in 2023. Situated at the corner of Bidwell Parkway and Elmwood Avenue, the property is in the heart of the city's Elmwood Village, a vibrant, walkable location with numerous nearby retail, restaurant, and cultural amenities. It is adjacent to a mixed-use redevelopment project that will feature 48 apartments and ground floor retail. The property is ideal for uses such as a medi spa, dermatology practice, massage therapy, general therapy, office space, or boutique retail.
Key Highlights
- Prime Elmwood Village location at the corner of Bidwell Parkway and Elmwood Avenue, offering high visibility and walkability.
- Recently remodeled high‑end medical/office space with elegant design features like marble countertops, vintage chandeliers, and French pocket doors.
- Equipped with multiple exam/treatment rooms with plumbing on both floors, suitable for various medical or office uses.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.9k | $20.40 |
| − Vacancy | −$10.0k | −$3.77 |
| EGI | $43.9k | $16.63 |
| − OpEx | −$11.0k | −$4.16 |
| NOI | $33.0k | $12.47 |
2,643 SF · lease $20.40/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$470.8K
$412.0K – $549.3K
NOI $32,957 @ 7.0% cap · market cap 3.66%
Second Best
Healthcare Medical
$450.2K
$393.9K – $525.2K
NOI $31,513 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$635.6K
$556.1K – $741.5K
NOI $44,491 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,092
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14222, NY
13,629
Population
7,355
Households
1.9
Avg Household Size
32
Median Age
63%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
11,358
Density / Sq Mi
$83,692
Median Household Income
$50,045
Median Earnings
$1,168
Median Rent
$408,100
Median Home Value
Market
Vacancy Rate% for Office in Buffalo, NY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - High-end medical/office property in Buffalo's vibrant Elmwood Village.
Where is this medical office space located?
The property is located at 142 Bidwell Parkway Buffalo, NY.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Prime Elmwood Village location at the corner of Bidwell Parkway and Elmwood Avenue, offering high visibility and walkability.; Recently remodeled high‑end medical/office space with elegant design features like **marble countertops, vintage chandeliers, and French pocket doors.**; Equipped with multiple exam/treatment rooms with plumbing on both floors, suitable for various medical or office uses.
