Flex Space with Attached
119 Broadway St Buffalo, NY 14203
For Sale
Contact for pricing
Three-story renovated flex space with an attached warehouse, gated parking, and a 2,500 lb freight elevator.
Property Size11,500 SF
Price / SF$130.43
Days on Market1120
Property Features for 119 Broadway St
General Information
Standard status
Active
Size
11,500 SF
Property subtype
OFFICE
Listing Agency:
Hunt Commercial - Buffalo
(716) 481-3325
Listed By:
Alan Hastings · License #10311203496
(716) 481-3325
Source:
Moodyscre
Added: Jul 7, 2023
Changed: Jul 30
Last Checked: Jul 30 at 1:09AM
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 - Buffalo
Investment Insights
Based on property information with market context.
Three-story renovated flex space that combines office and warehouse use, totaling 11,500 SF. The office portion is 9,000 SF, with an attached 2,500 SF warehouse. The property includes gated parking and has indoor parking possibilities within the attached warehouse.
Located on a high-traffic Elm/Oak arterial in a corner position just outside the CBD, the building is designed for visibility and operational access. On-site security is supported by a system with fobs, and the property includes a 20 kW generator with an automatic transfer switch.
Additional features include a 2,500 lb freight elevator and a full, usable dry basement, supporting everyday storage and back-of-house functionality.
Located on a high-traffic Elm/Oak arterial in a corner position just outside the CBD, the building is designed for visibility and operational access. On-site security is supported by a system with fobs, and the property includes a 20 kW generator with an automatic transfer switch.
Additional features include a 2,500 lb freight elevator and a full, usable dry basement, supporting everyday storage and back-of-house functionality.
Key Highlights
- Three‑story renovated flex space totaling 11,500 SF
- 9,000 SF office with an attached 2,500 SF warehouse
- High‑traffic Elm/Oak arterial corner location just outside the CBD
Financial Insights For Warehouse
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 | $117.3k | $10.20 |
| − Vacancy | −$2.2k | −$0.19 |
| EGI | $115.1k | $10.01 |
| − OpEx | −$17.3k | −$1.50 |
| NOI | $97.8k | $8.51 |
11,500 SF · lease $10.20/SF/yr · vacancy 1.90% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.05M
$1.79M – $2.39M
NOI $143,399 @ 7.0% cap · market cap 9.56%
Second Best
Warehouse
$1.40M
$1.22M – $1.63M
NOI $97,811 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$2.77M
$2.42M – $3.23M
NOI $193,586 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Sylver’s Place — 300 Pearl St, Buffalo, NY 14202
- Brothers Restaurant and Bar — 475 Ellicott St, Buffalo, NY 14203
- Dinosaur Bar-B-Que — 301 Franklin St, Buffalo, NY 14202
- Chris' NY Sandwich Co — 395 Delaware Ave, Buffalo, NY 14202
Frequently Asked Questions
What type of property is this?
Flex space - Three-story renovated flex space with an attached warehouse, gated parking, and a 2,500 lb freight elevator.
Where is this flex space located?
The property is located at 119 Broadway St Buffalo, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Three‑story renovated flex space totaling 11,500 SF; 9,000 SF office with an attached 2,500 SF warehouse; High‑traffic Elm/Oak arterial corner location just outside the CBD
