8397 Boston State Rd Boston, NY 14025
- Office buildings
- 3,744 SF
- 0.37 lot acres
Current Use by Public Records
- Valu Hearing Services / Hearing Aid Store / Audiologist
- Boston Dental Group / Dentist
- Dr. Robert Moynihan, DDS / Dentist
- Clark Victoria / Dentist
Property Details for 8397 Boston State Rd
- Year built
- 1972
- Lot size
- 0.37 lot acres
- Property size
- 3,744 SF
- Property type
- Office buildings
- APN
- 142600 242.05-2-1
- APU
- 1426002420521
Description
This 3,744 square foot, Class B mixed-use building in Erie County offers a fantastic opportunity. Currently, a 1,872 square foot medical office space is available for lease on the first floor. The building, constructed in 1972, features a newer roof and updated apartments in the upper units. The property boasts ample parking, making it highly convenient for patients and staff. The versatile space is ideal for a variety of medical practices or other office uses. The building's multiple tenancy structure provides a diverse tenant base. This is a single-suite, first-floor space within a larger building, offering a unique opportunity to establish or expand a medical practice in a well-maintained building with significant parking. The building's location in Erie County provides excellent access to major roadways and local amenities. The total building size is 3,744 square feet, with the available space comprising a significant portion. This property presents a compelling investment or leasing opportunity for a medical professional seeking a well-located, spacious, and updated office environment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $205,000
- 6.5%
- $195,000
- 7%
- $230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $210,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $175,000
- Retail
- $215,000
- Mixed-Use
- $225,000
- Hospitality
- $220,000
- Educational
- $215,000
- Residential Income
- $185,000
- Energy
- $215,000
- Income-Based Land
- $225,000
- Food Service
- $210,000
Location Insight
- Map
- Local Demand
- City
- Boston
- County
- Erie
- State
- New York
- Longitude
- -78.7457
- Latitude
- 42.6551
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA