1625 Broadway St Buffalo, NY 14212
- Retail space
- 13,207 SF
- 1.90 lot acres
Current Use by Public Records
- Rite Aid Photo / Photo Lab
- Western Union / Money Transfer Service
- higi / Health Consultant
- Nichole Sperrazzo / Pharmacy
- Brienne Nichols / Pharmacy
Property Details for 1625 Broadway St
- Year built
- 2000
- Lot size
- 1.90 lot acres
- Property size
- 13,207 SF
- Zone code
- D-S
- Property type
- Retail space
- APN
- 140200 112.24-7-26.11
- APU
- 1402001122472611
Description
This exceptional 13,207-square-foot medical office building presents a rare opportunity in Buffalo, NY. Located at the highly visible corner of Broadway and Bailey Avenue, this single-tenant property boasts a prime location at a signalized intersection, ensuring maximum exposure. Built in 2000, the one-story building sits on a spacious 1.9-acre lot and offers ample parking with 69 spaces. Its former use as a Rite Aid provides a readily adaptable layout for various medical practices. The property's convenient location is just three miles from downtown Buffalo and enjoys proximity to key amenities. These include the historic Broadway Market, Family Dollar, Aaron's Furniture, and a large business park, all within close proximity. Furthermore, it is surrounded by a densely populated residential area, providing a strong potential patient base. The building features drive-through access, adding to its operational efficiency and convenience. This turnkey property is ideal for medical professionals seeking a well-established and highly visible location to establish or expand their practice. The significant parking capacity and convenient access points make this an attractive option for patients and staff alike. This is a truly exceptional opportunity to acquire a well-situated and functional medical office building in a thriving area of Buffalo.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,015,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,795,000
- 6.5%
- $1,790,000
- 7%
- $1,930,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,140,000
- Geo Method
- $2,000,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,175,000
- Retail
- $2,300,000
- Mixed-Use
- $2,235,000
- Hospitality
- $1,955,000
- Educational
- $2,260,000
- Residential Income
- $2,235,000
- Energy
- $2,280,000
- Income-Based Land
- $1,735,000
- Food Service
- $2,170,000
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8148
- Latitude
- 42.8963
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
