463 Amherst St Buffalo, NY 14207
- Investment properties
- 10,734 SF
- 0.17 lot acres
Current Use by Public Records
- Starfields Productions / Recording Studio
- BrightWay Dental Clinic / Emergency Dental Service
Property Details for 463 Amherst St
- Year built
- 1920
- Lot size
- 0.17 lot acres
- Property size
- 10,734 SF
- Zone code
- N-2C
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 140200 88.36-1-6
- APU
- 140200883616
Description
This exceptional 10,734 square foot commercial property, located at 463 Amherst Street in Buffalo, New York, presents a unique leasing opportunity. Built in 1920, this Class C building offers a single-tenant occupancy arrangement with approximately 9,000 square feet currently vacant. The property's classification encompasses both retail and office uses, specifically designated as a creative office space. The ground floor features expansive storefront windows and high ceilings, ideal for retail display or open office layouts. A mezzanine level, accessible from the ground floor, occupies the rear third of the building and provides versatile space suitable for offices, meeting areas, or additional retail displays. A third floor is also accessible directly from the ground floor or via the mezzanine, offering further expansion potential. The flexible layout is well-suited for a variety of businesses, including creative studios, co-working spaces, or event venues. The building's prime location on Amherst Street, between Grant and Elmwood, offers convenient access to NY-198 and I-190, ensuring excellent visibility and accessibility for clients and employees. This historic building in Erie County (zip code 14207) presents a rare chance to secure a substantial and adaptable space in a vibrant Buffalo neighborhood.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $380,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $250,000
- 6.5%
- $250,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $290,000
- Geo Method
- $275,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $285,000
- Retail
- $240,000
- Mixed-Use
- $300,000
- Hospitality
- $235,000
- Educational
- $250,000
- Residential Income
- $290,000
- Energy
- $290,000
- Income-Based Land
- $240,000
- Food Service
- $300,000
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8866
- Latitude
- 42.9391
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
