Downtown Corner Building with
For Sale
Contact for pricing
703 Washington Street, Buffalo, NY 14203
Mixed-use building with on-site parking in downtown Buffalo.
Property Size11,289 SF
Price / SF$97.44
Days on Market1314
Property Features for 703 Washington Street
General Information
Standard status
Active
Size
11,289 SF
Class
B
Total Parking Spaces
10
Property subtype
Office
Building Details
Year Built
1980
Year Renovated
2020
Stories
3
Tenancy
Single
Listing Agency:
HUNT Commercial
Listed By:
Heidi Nuessle · License #NY 10301212311
(716) 880-1917
Source:
Crexi
Added: Mar 3, 2023
Changed: Oct 4
Last Checked: Oct 5 at 4:23PM
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
Investment Insights
Based on property information with market context.
This corner building, located in downtown Buffalo at the intersection of Washington Street and Tupper Street, offers over 11,000 square feet of space across three floors. The property includes on-site parking and features convenient access to the 33 Expressway and the New York State Thruway. Each floor is equipped with a kitchen and bathrooms. The building benefits from high visibility at its corner location, making it suitable for a variety of commercial uses.
Key Highlights
- Prime downtown corner location at Washington and Tupper offers great visibility.
- On‑site parking in a downtown location.
- Large building with over 11,000sf on 3 floors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,072
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,581,440
$1.6M
Cap Rate 7%
$1,129,600
$1.1M
Cap Rate 9%
$878,578
$878.6K
Market Conditions
NOI Build-Up for 11,289 SF
Gross rent
$115.1K $10.20/SF
− Vacancy
−$2.2K −$0.19/SF
EGI
$113.0K $10.01/SF
− OpEx
−$33.9K −$3.00/SF
NOI
$79.1K $7.00/SF
Area
Buffalo, NY
Vacancy
1.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,581,440
Cap Rate 7%
$1,129,600
Cap Rate 9%
$878,578
Alternative Uses
Best Use
Office B
$2.01M
$1.76M – $2.35M
NOI $140,768 @ 7.0% cap · market cap 12.80%
Second Best
Mixed Use
$1.74M
$1.52M – $2.03M
NOI $121,921 @ 7.0% cap · market cap 11.08%
Theoretical Best
Office A
$2.71M
$2.38M – $3.17M
NOI $190,035 @ 7.0% cap · market cap 17.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,097
Businesses Nearby
Explore this area
Business Placement
Demographics for 14203, NY
2,006
Population
1,712
Households
1.2
Avg Household Size
33
Median Age
43%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
716
Density / Sq Mi
$48,529
Median Household Income
$44,259
Median Earnings
$1,167
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Buffalo, NY
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with on-site parking in downtown Buffalo.
Where is this mixed-use property located?
The property is located at 703 Washington Street Buffalo, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime downtown corner location at Washington and Tupper offers great visibility.; On‑site parking in a downtown location.; Large building with over 11,000sf on 3 floors.
