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Medical Office Building with Elevator

2949 Elmwood Avenue, Buffalo, NY 14217

For Sale
New
$550,000

Five vacant suites offer space for occupancy within a multi-unit professional office property.

Property Size8,828 SF
Lot Size0.51 Acres
Price / SF$62.30
Days on Market7

Property Features for 2949 Elmwood Avenue

General Information

Standard status Active
Size 8,828 SF
Total Parking Spaces 30
Elevators Yes
Lot size 0.51 Acres
Property subtype Commercial
Zoning TND, Commercial

Site & Location

Neighborhood North Delaware
Road Access Yes

Additional Details

Office Units 8
Tenant in Place Yes
Property Use Office
Medical Specialty urgent care

Taxes and HOA fees

Annual Taxes $12,851

Amenities

separate utilities
ADA compliant
automatic opening front door

Building Details

Building Size 8,828 SF
Year Built 1980
Buildings 1
Stories 2
Units 8
Tenancy Multi
Listing Agency: Iconic Real Estate
Listed By: Ayat Nieves · License NY #10401247677
Source: Geracerealty
Added: Nov 8 Last Checked: Nov 13 at 2:24AM

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 Iconic Real Estate

Rey
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Investment Insights

Based on property information with market context.

This 8,828-square-foot office building contains eight units, with five currently vacant. Separate utilities support independent suite operations. The property also has an elevator, an automatic-opening front door, ADA-compliant access, and 30 on-site parking spaces. Built in 1980, it sits on a 0.51-acre parcel and is zoned TND, Commercial.

2949 Elmwood Avenue is directly across from Kenmore Mercy Hospital. An urgent care center occupies two spaces, and a third medical office is also on site.

Key Highlights

  • 8,828‑square‑foot office building with eight units
  • Five vacant suites
  • 30 parking spaces on a 0.51‑acre parcel

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Dr. Sadashiv S. ... Physician Twin City Physicians ... Medical Clinic H Koritz Pain ... Physician Dr. Nikhil C. ... Physician Oddo Joseph R Physician

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Electrical Service Law Firm Building Supply Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Office units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,036
Businesses Nearby

Demographics for 14217, NY

23,085
Population
11,280
Households
2
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
7,214
Density / Sq Mi
$72,205
Median Household Income
$51,075
Median Earnings
$970
Median Rent
$193,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Office buildings in Buffalo, NY

$70.55 Jul
$85.76 Aug
$89.96 Sep
$87.95 Oct

Properties on Market for Office buildings in Buffalo

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Buffalo, NY

15.4% 2019
16.5% 2020
16.5% 2021
18.5% 2022
18.2% 2023
21.1% 2024
21% 2025

Frequently Asked Questions

What type of property is this?
Office building - Five vacant suites offer space for occupancy within a multi-unit professional office property.
Where is this office building located?
The property is located at 2949 Elmwood Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 8,828‑square‑foot office building with eight units; Five vacant suites; 30 parking spaces on a 0.51‑acre parcel
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