119 Broadway StBuffalo, NY 14203

Property Details for 119 Broadway St

Year built

1927

Lot size

0.24 AC

Property size (Sq ft)

11,532 SF

Zone code

N-1C

Property type

Office properties

Property subtype

Office buildings

APN

140200 111.55-7-1.1

APU

14020011155711

Description

This exceptional Class A office building at 119 Broadway in Buffalo, NY, presents a unique investment opportunity. The three-story structure, built in 1927 and recently renovated, boasts a total of 11,500 square feet of usable space. The main office area encompasses 9,000 square feet, ideal for executive offices, while a 2,500 square foot attached warehouse provides ample storage or additional workspace. The property benefits from a highly desirable location on a high-traffic arterial, just outside the central business district, ensuring excellent visibility and accessibility. Secure parking is a key feature, with 11 gated parking spaces available, and the potential for indoor parking within the warehouse. The building is equipped with a 2500 lb freight elevator, a robust security system utilizing key fobs, and a reliable 20 kW generator with an automatic transfer switch, ensuring business continuity. A full, dry, and usable basement adds further versatility. This prime commercial property offers a blend of modern amenities and historical charm, making it an attractive proposition for discerning buyers. The building's corner location on Elm/Oak provides exceptional street exposure. The asking price is $1,500,000. This is a rare opportunity to acquire a well-maintained, high-traffic commercial property in a thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,091,950

  6.5%

  $1,931,030

  7%

  $1,793,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,103,270

  Geo Method

  $1,040,297

• Alternative Use

  Use

  Valuation

  Residential

  $2,394,478

  Hospitality

  $2,193,328

  Educational

  $1,824,824

  Medical

  $1,887,582

  Retail

  $2,838,614

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.8863

Longitude

-78.8686

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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