427 Delaware Ave Buffalo, NY 14202

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.