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    270 Michigan Ave Buffalo, NY 14203

    Sponsored
    For Lease
    $19 SF/Yr

    Buffalo CBD Office, Retail, Industrial

    Lot size:
    109,880 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional six-story, 109,880-square-foot building at 270 Michigan Avenue in Buffalo, NY's Central Business District, offers a unique blend of office, retail, and industrial space. Recently renovated in 2021, this Class B property boasts 61,830 square feet of vacant space available for lease, with options ranging from 1,766 to 29,134 square feet. Situated on a 2.38-acre lot, the building features ample on-site parking (75 spaces) and elevators. Its versatile layout accommodates various uses, including traditional office, medical office, warehouse, executive office, and flex space. The building, originally constructed in 1979, underwent a meticulous renovation, preserving historical elements like the staircase and elevator, while incorporating modern updates. Exterior improvements included replacing windows to match the historic design. The property is zoned N-1C and is conveniently located near the intersection of Carroll and Seneca Streets in Erie County, NY (zip code 14203). This prime location offers easy access to major transportation routes and amenities. The building's history as the home of the Buffalo Envelope Company adds to its unique character. Multiple tenancy options are available.

    Property Features for 270 Michigan Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    109,880 SF
    Class
    B
    Total Rate
    182675.5

    Building Details

    Year Built/Renovated
    1979/2021
    Buildings
    1
    Stories
    6

    Unit(s) available at that property

    Space
    Suite 110
    Size
    29,134 SF
    Rate per SF
    $19
    Space
    Suite 170
    Size
    8,077 SF
    Rate per SF
    $19
    Space
    Suite 200
    Size
    4,867 SF
    Rate per SF
    $19
    Space
    Suite 300
    Size
    26,063 SF
    Rate per SF
    $19

    HighLights

    • Six‑story, 109,880‑square‑foot Class B building in Buffalo, NY's Central Business District with 61,830 square feet of vacant space available.
    • On‑site parking for 75 vehicles.
    • Conveniently located near Canalside, First Niagara Center, and Coca‑Cola Field.
    • Excellent access to the NYS Thruway (I‑90) and high traffic counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Incept Marketing Agency

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.869853327157
    Latitude
    42.878782670948

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    FAQs

    What type of property is this?
    Medical office - Buffalo CBD Office, Retail, Industrial
    Where is this medical office located?
    The property is located at 270 Michigan Ave Buffalo, NY.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Six-story, 109,880-square-foot Class B building in Buffalo, NY's Central Business District with 61,830 square feet of vacant space available.; On-site parking for 75 vehicles.; Conveniently located near Canalside, First Niagara Center, and Coca-Cola Field.
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    270 Michigan Ave Buffalo, NY 14203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    270 Michigan Ave Buffalo, NY 14203
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