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427 Delaware Ave Buffalo, NY 14202

Sponsored
For Sale
$1,750,000

Prestigious Buffalo, NY investment opportunity.

Property size:
15,494 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional mixed-use property at 427 Delaware Avenue in Buffalo, NY, presents a rare investment opportunity. The building, constructed in 1931 and renovated in 2003, boasts 15,494 square feet across two stories, encompassing a 6,500 square foot Class A office space on the second floor and four fully leased ground-floor retail storefronts. The second-floor office, currently occupied by the seller, features seven large private offices, a conference room seating 18+, a kitchenette, printer room, IT room, and ample storage. The space is highlighted by historic art deco details, including marble stairs, terrazzo floors, and plaster ceiling reliefs, complemented by high-end finishes. The ground floor retail spaces are recently remodeled and occupied by long-term tenants, generating $135,000 in annual income with built-in rent escalations. The property includes a parking lot with 21 spaces, eight dedicated to ground floor tenants and thirteen for the second-floor office. The building sits on an 18,000 square foot lot, zoned N2c, and benefits from its prime location adjacent to the Central Business District and the Buffalo Niagara Medical Campus, with easy access to major roadways and public transportation. The asking price is $1,750,000 ($112.95/sq ft), representing a compelling value for an owner-user seeking a prestigious address and substantial rental income. The property is offered as a gross lease with a ground lease in place.

Property Features for 427 Delaware Ave

General Information

Property type
Mixed-use properties
Square Feet
15,494 SF
Class
A

Building Details

Year Built/Renovated
1931/2003
Buildings
1
Stories
2
Units
5

HighLights

  • Exceptional mixed‑use property in Buffalo, NY, offering a rare investment opportunity.
  • 15,494 square foot building (1931 construction, 2003 renovation) with 6,500 square feet of Class A office space and four leased retail units.
  • Second‑floor office features seven private offices, a large conference room, and ample storage; ground floor retail generates $135,000 annual income with rent escalations.
  • 21‑space parking lot (13 for office, 8 for retail); 18,000 square foot lot zoned N2c.
  • Prime location near the Central Business District and Buffalo Niagara Medical Campus; asking price $1,750,000 ($112.95/sq ft).
Property Profile Location Intelligence

Current Use by Public Records

427 Delaware Holding ... Architect R G Design ... Architect

Suggested Use

Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Law Firm

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

Location Insight

  • Map
  • Local Demand
City
Buffalo
County
Erie
State
New York
Longitude
-78.87508589075
Latitude
42.896030474359

FAQs

What type of property is this?
Mixed-use property - Prestigious Buffalo, NY investment opportunity.
Where is this mixed-use property located?
The property is located at 427 Delaware Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Exceptional mixed-use property in Buffalo, NY, offering a rare investment opportunity.; 15,494 square foot building (1931 construction, 2003 renovation) with 6,500 square feet of Class A office space and four leased retail units.; Second-floor office features seven private offices, a large conference room, and ample storage; ground floor retail generates $135,000 annual income with rent escalations.
More about this property
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