Two-Story Office Building with
193 Delaware Ave Buffalo, NY 14202
For Sale
Contact for pricing
Two-story office building with separate second-floor entrance, dry basement storage, and rear land for outdoor space or expansion.
Property Size5,880 SF
Price / SF$152.21
Days on Market368
Property Features for 193 Delaware Ave
General Information
Standard status
Active
Size
5,880 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 28, 2025
Changed: Jul 28
Last Checked: Jul 29 at 1:48PM
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.
This two-story office building totals 5,880 square feet, with 2,940 square feet per floor. The property is currently used as office space and includes a separate entrance to the second floor, offering flexibility for different tenants or uses. The second floor features a kitchen, bar area, banquet space, and two restrooms, supporting functions and private events in addition to office use. A full, dry basement provides additional storage, and the rear land presents an opportunity to create an outdoor patio area or support a future expansion.
The building is positioned at 193 Delaware Avenue in Buffalo between Chippewa and West Huron, near the downtown core and the Chippewa Entertainment District. It sits within walking distance of City Courts and Niagara Square and is surrounded by both pay parking lots and street parking for visitors and clients.
The second-floor layout includes hospitality-style amenities (kitchen, bar area, and banquet space) alongside two restrooms, while the separate entrance helps maintain practical separation from the first floor. Owners will consider lease proposals.
The building is positioned at 193 Delaware Avenue in Buffalo between Chippewa and West Huron, near the downtown core and the Chippewa Entertainment District. It sits within walking distance of City Courts and Niagara Square and is surrounded by both pay parking lots and street parking for visitors and clients.
The second-floor layout includes hospitality-style amenities (kitchen, bar area, and banquet space) alongside two restrooms, while the separate entrance helps maintain practical separation from the first floor. Owners will consider lease proposals.
Key Highlights
- 5,880 SF 2‑story office building (2,940 SF per floor) near downtown Buffalo and the Chippewa Entertainment District
- Second floor has a separate entrance plus kitchen, bar area, banquet space, and two restrooms for events or private functions
- Full usable/dry basement provides additional storage space
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 | $120.0k | $20.40 |
| − Vacancy | −$22.2k | −$3.77 |
| EGI | $97.8k | $16.63 |
| − OpEx | −$24.4k | −$4.16 |
| NOI | $73.3k | $12.47 |
5,880 SF · lease $20.40/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.05M
$916.5K – $1.22M
NOI $73,321 @ 7.0% cap · market cap 8.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,982 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with separate second-floor entrance, dry basement storage, and rear land for outdoor space or expansion.
Where is this office building located?
The property is located at 193 Delaware Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 5,880 SF 2‑story office building (2,940 SF per floor) near downtown Buffalo and the Chippewa Entertainment District; Second floor has a separate entrance plus kitchen, bar area, banquet space, and two restrooms for events or private functions; Full usable/dry basement provides additional storage space
