Office Building with
For Sale
$1,149,900
3101 Bailey Avenue, Buffalo, NY 14215
CommercialSale, Buffalo, NY
Property Size8,396 SF
Lot Size0.31 Acres
Price / SF$136.96
Days on Market100
Property Features for 3101 Bailey Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
N-3C
Zoning description
Commercial
Rooms
Basement
Parking
10
Lot features
Rectangular, Rectangular Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Subdivision
Buffalo City-140200
Standard status
Active
APN
140200-090-250-0007-003-000
Size
8,396 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Annual Amount
9837
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Amenities
14-foot ceilings
walk-in vault
drive-up teller/ATM lanes
finished basement
Building Details
Year built
1939
Floors in Building
2
Building materials
Brick
Roof type
Slate, Tile
Buildings
1
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
MD Zahid Al Mamun · License #10401401589
(347) 357-4253
Added: Jul 29
Changed: Nov 5
Last Checked: Nov 5 at 3:06PM
MLS# B1694315
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Vacant office building offering 8,396 square feet on a 13,639-square-foot lot. The former banking area includes 14-foot ceilings, eight glass-enclosed offices, two drive-up teller or ATM lanes, and an 8' x 10' walk-in vault. A finished basement with 9-foot ceilings and multiple restrooms adds functional area for workspace or storage.
The property has 400-amp electrical service, a newer HVAC system, a gas boiler, and a pitched roof with tile and slate materials. Parking includes 10 off-street spaces, supplemented by on-street parking. Positioned on Bailey Avenue in Buffalo, the building carries N-3C zoning and is suited to office, retail, medical, financial, educational, professional, or service-related uses. The property is offered AS-IS.
The property has 400-amp electrical service, a newer HVAC system, a gas boiler, and a pitched roof with tile and slate materials. Parking includes 10 off-street spaces, supplemented by on-street parking. Positioned on Bailey Avenue in Buffalo, the building carries N-3C zoning and is suited to office, retail, medical, financial, educational, professional, or service-related uses. The property is offered AS-IS.
Key Highlights
- 8,396 square feet on a 13,639‑square‑foot lot
- N‑3C zoning with office, retail, medical, financial, educational, professional, and service‑use potential
- 14‑foot ceilings in the former banking and retail area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,694
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,093,880
$2.1M
Cap Rate 7%
$1,495,629
$1.5M
Cap Rate 9%
$1,163,267
$1.2M
Market Conditions
NOI Build-Up for 8,396 SF
Gross rent
$171.3K $20.40/SF
− Vacancy
−$31.7K −$3.77/SF
EGI
$139.6K $16.63/SF
− OpEx
−$34.9K −$4.16/SF
NOI
$104.7K $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%
$2,093,880
Cap Rate 7%
$1,495,629
Cap Rate 9%
$1,163,267
Alternative Uses
Best Use
Office B
$1.50M
$1.31M – $1.74M
NOI $104,694 @ 7.0% cap · market cap 9.10%
Second Best
Specialty Retail
$1.38M
$1.20M – $1.60M
NOI $96,269 @ 7.0% cap · market cap 8.37%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,335 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
Explore this area
Business Placement
Demographics for 14215, NY
42,447
Population
19,203
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,843
Density / Sq Mi
$43,326
Median Household Income
$29,204
Median Earnings
$993
Median Rent
$102,800
Median Home Value
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Market
Vacancy Rate% for Office in Buffalo, NY
Frequently Asked Questions
What type of property is this?
Office building - Vacant commercial building with flexible office, retail, medical, financial, educational, and service-use potential.
Where is this office building located?
The property is located at 3101 Bailey Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $1,149,900.
What are key features of this property?
This property features: 8,396 square feet on a 13,639‑square‑foot lot; N‑3C zoning with office, retail, medical, financial, educational, professional, and service‑use potential; 14‑foot ceilings in the former banking and retail area
