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    172 Franklin St Buffalo, NY 14202

    For Lease
    $13 SF/Yr

    Historic Downtown Buffalo Office Building

    Lot size:
    76,088 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 8-story, 76,088 square foot Class B office building, constructed in 1916 and renovated in 2022, offers multiple tenancy options in Buffalo's Central Business District. Located at 170 Franklin Street (corner of W Mohawk St), this prime location provides easy access to public transportation, including metro rail and bus lines, and major roadways like Interstate 190 and the Kensington Expressway. The building features elevators and currently has 6,061 square feet of vacant space available, with individual suites ranging from 1,901 to 6,061 square feet. Situated on 0.21 acres, the property is zoned N-1C and benefits from its proximity to the Chippewa Entertainment District, Main Street, and the Erie Basin Marina. This historic building presents a unique opportunity for businesses seeking a prestigious address in a vibrant and convenient downtown location within Erie County, New York, zip code 14202. The building's central location makes it easily accessible by all modes of transportation.

    Property Features for 172 Franklin St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    76,088 SF
    Class
    B
    Total Rate
    88452.3

    Building Details

    Year Built/Renovated
    1916/2022
    Buildings
    1
    Stories
    8

    Unit(s) available at that property

    Space
    Suite 301
    Size
    2,591 SF
    Rate per SF
    $13
    Space
    Suite 400
    Size
    2,673 SF
    Rate per SF
    $13
    Space
    Suite 601
    Size
    1,901 SF
    Rate per SF
    $14
    Space
    Suite 510
    Size
    3,027 SF
    Rate per SF
    $13
    Space
    Suite 800
    Size
    6,061 SF
    Rate per SF
    $15

    HighLights

    • Prestigious downtown Buffalo business address.
    • Secure building access via 24/7 keypad entry with personalized tenant codes.
    • Ground floor Osteria 166 restaurant.
    • On‑site UPS drop box with daily pickups.
    • Convenient nearby parking.
    • Locally owned and managed building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Intuition Spa & Wellness Spa

    Suggested Use

    Restaurant Realty agency 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
    -73.9575473
    Latitude
    40.7310077

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    FAQs

    What type of property is this?
    Medical office - Historic Downtown Buffalo Office Building
    Where is this medical office located?
    The property is located at 172 Franklin St Buffalo, NY.
    What is the lease rate?
    The lease rate is $13-$15 SF/Yr.
    What are key features of this property?
    This property features: Prestigious downtown Buffalo business address.; Secure building access via 24/7 keypad entry with personalized tenant codes.; Ground floor Osteria 166 restaurant.
    Request Owner's contact information
    172 Franklin St Buffalo, NY 14202
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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
    172 Franklin St Buffalo, NY 14202
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