Restored Victorian Office and
4588 S Park Ave, Buffalo, NY 14219
Impeccably maintained office and storage property near I-90.
Type:Office
Property size:
17,000 SFLot size:
2.50 AcresPrice / SF:
$147/SF- Added:
- Mar 5, 2026
- Days on Market:
- 72
- Last Refresh:
- Apr 5 at 9:00 pm
Property Features for 4588 S Park Ave
General Information
- Standard status
- Active
- Size
- 17,000 SF
- Lot size
- 2.50 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1901
Listing agent Ronald Gunner Tronolone License #NY #30TR0558114 (716) 880-1913
Listing office Hunt Commercial - Buffalo (716) 880-1913
Listing date Mar 5, 2026
Source Huntcommercial
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
HighLights
- Prime location at the intersection of South Park Avenue (Rt. 62) and Big Tree Road (Rt. 20), with easy access to I‑90, Rt. 219, and Highmark Stadium.
- Three structures totaling approximately 17,000 square feet on 2.5 acres, offering a mixture of Class A commercial office and storage space.
- Impeccably maintained property with restored historic details and modern renovations, including restored hardwood floors, fireplaces, and leaded glass windows.
- Flexible term Net Lease in place, presenting a rare investment and/or self‑use opportunity.
- Second 7,680 SF building (barn) with potential for various uses, currently used as an employee gym/work‑out facility and vehicle storage.
- Ample parking with approximately 35‑40 asphalt parking spaces and approximately 15 garaged spaces.
Overview
Located at the roundabout of South Park Avenue and Big Tree Road, minutes from I-90, Rt. 219, and Highmark Stadium, the property at 4588 South Park Avenue comprises three structures totaling approximately 17,000 square feet on 2.5 acres. The property includes a mixture of Class A commercial office and storage spaces. The primary structure, built in 1901, is an 8,800 SF three-story Victorian building with restored historic details and modern renovations. It features an entry/lobby/reception area, two conference/meeting spaces, approximately 15 private offices, and five bathrooms. Restored hardwood floors, staircases, moldings, millwork, fireplaces, solid core hardwood and glass doors, leaded glass windows, and a functioning elevator are among the amenities. The building has updated mechanicals servicing four floors, newer windows, roofing systems, and resurfaced parking lot. The second building, originally built in 1927, is a 7,680 SF two-story barn with additions from the 1980s, including storage and a full bathroom. It is heated, has a concrete floor, and a metal roof, and has been used as an employee gym/work-out facility and vehicle storage. The third structure, built in 1901, is a 400 SF restored stone block and wood-sided cottage generating rental income. The asphalt parking lot provides approximately 35-40 parking spaces, plus approximately 15 garaged spaces in the barn/garage. Curb cuts are available on both South Park and Big Tree Road.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$2.36M
NOI $211,982 @ 9.00% cap · cautious / downside scenario
Moderate
$3.03M
NOI $211,982 @ 7.00% cap · market / base-case scenario
Aggressive
$4.24M
NOI $211,982 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $346.8k | $20.40 |
| − Vacancy | −$64.2k | −$3.77 |
| EGI | $282.6k | $16.63 |
| − OpEx | −$70.7k | −$4.16 |
| NOI | $212.0k | $12.47 |
17,000 SF · lease $20.40/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$3.03M
$2.65M – $3.53M
NOI $211,982 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.09M
$3.58M – $4.77M
NOI $286,171 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Baer & Associates
Consultant
Trophy Point
Consultant
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8231
- Latitude
- 42.7727
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Impeccably maintained office and storage property near I-90.
Where is this office building located?
The property is located at 4588 S Park Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime location at the intersection of South Park Avenue (Rt. 62) and Big Tree Road (Rt. 20), with easy access to I‑90, Rt. 219, and Highmark Stadium.; Three structures totaling approximately 17,000 square feet on 2.5 acres, offering a mixture of Class A commercial office and storage space.; Impeccably maintained property with restored historic details and modern renovations, including **restored hardwood floors, fireplaces, and leaded glass windows.**
