Lower-Level Creative
For Sale
Contact for pricing
1296 Delaware Avenue, Buffalo, NY 14209
Flexible lower-level premises with access to hotel amenities and owner assistance for tenant improvements.
Property Size1,000 SF
Price / SF$1.25
Days on Market48
Property Features for 1296 Delaware Avenue
General Information
Standard status
Active
Size
1,000 SF
Site & Location
Neighborhood
Elmwood Bidwell
Listing Agency:
Howard Hanna WNY Inc
(716) 885-4000
Listed By:
Julie M Murek · License #10401298096
(716) 602-2947
Source:
Nicholcityrealty
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 28 at 7:58AM
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 Howard Hanna WNY Inc
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Investment Insights
Based on property information with market context.
A 1,000-square-foot creative space occupies the lower level of The Edward, a hotel property built in 1910 and restored in 2019. The premises can accommodate a range of professional, wellness, studio, hospitality, and office-oriented uses identified for the space, with the owner prepared to assist a qualified business or entrepreneur with build-out.
The tenancy also includes access to The Edward’s Roosevelt Tea Room, Solarium, and a half bath on the main level. Located at 1296 Delaware Avenue in Buffalo, the property sits along the historic Millionaire’s Row portion of Delaware Avenue and combines an established architectural setting with updated interiors.
The tenancy also includes access to The Edward’s Roosevelt Tea Room, Solarium, and a half bath on the main level. Located at 1296 Delaware Avenue in Buffalo, the property sits along the historic Millionaire’s Row portion of Delaware Avenue and combines an established architectural setting with updated interiors.
Key Highlights
- 1,000‑square‑foot lower‑level creative space
- The Edward was built in 1910 and restored in 2019
- Owner prepared to assist a qualified business with build‑out
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,470
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,400
$249.4K
Cap Rate 7%
$178,143
$178.1K
Cap Rate 9%
$138,556
$138.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$20.4K $20.40/SF
− Vacancy
−$3.8K −$3.77/SF
EGI
$16.6K $16.63/SF
− OpEx
−$4.2K −$4.16/SF
NOI
$12.5K $12.47/SF
Area
Buffalo, NY
Vacancy
18.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,400
Cap Rate 7%
$178,143
Cap Rate 9%
$138,556
Alternative Uses
Best Use
Office B
$178.1K
$155.9K – $207.8K
NOI $12,470 @ 7.0% cap · market cap 997.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$240.5K
$210.4K – $280.6K
NOI $16,834 @ 7.0% cap · market cap 1,346.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
1,415
Businesses Nearby
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Business Placement
Demographics for 14209, NY
8,251
Population
4,729
Households
1.7
Avg Household Size
39
Median Age
46%
College-Educated
90%
High-School Grad
1.0 sq mi
ZIP Area
8,251
Density / Sq Mi
$49,359
Median Household Income
$33,329
Median Earnings
$1,025
Median Rent
$408,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Buffalo, NY
Frequently Asked Questions
What type of property is this?
Creative space - Flexible lower-level premises with access to hotel amenities and owner assistance for tenant improvements.
Where is this creative space located?
The property is located at 1296 Delaware Avenue Buffalo, NY.
What are key features of this property?
This property features: 1,000‑square‑foot lower‑level creative space; The Edward was built in 1910 and restored in 2019; Owner prepared to assist a qualified business with build‑out
