560 Delaware Ave Buffalo, NY 14202
- Office buildings
- 42,432 SF
- 0.47 lot acres
Current Use by Public Records
- Ruh Agency Inc / Insurance Agency
- Person Centered Services / Disability Services And Support Organization
- Service Bridges, Inc. / Translation Service
- McGuire Management & Consulting / Consultant
- Braclaire Management, LLC / Business Management Consultant
Property Details for 560 Delaware Ave
- Year built
- 1959
- Lot size
- 0.47 lot acres
- Property size
- 42,432 SF
- Zone code
- N-2C
- Property type
- Office buildings
- APN
- 140200 100.78-9-3
- APU
- 1402001007893
Description
This exceptional four-story, 42,130-square-foot office building at 560 Delaware Avenue in Buffalo, New York, is offered for sale at $3,500,000. Built in 1959, this Class B property boasts 41,019 square feet of net rentable space, currently at 53% occupancy. The building sits on a 0.47-acre lot and features 55 secured on-site parking spaces, a significant advantage in a high-traffic area. The property is zoned N-2C and benefits from abundant natural light and high ceilings throughout. Its prime location in the vibrant Allentown neighborhood provides excellent visibility and convenient access, surrounded by a mix of residential and commercial spaces, including restaurants, small businesses, and professional offices. High daytime vehicle and foot traffic contribute to strong potential for increased occupancy and rental income. Secured entrances enhance the safety and security of the building and its occupants. This versatile property is suitable for a variety of office uses, including executive, medical, and traditional office spaces, presenting a compelling investment opportunity in a thriving Buffalo neighborhood.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $575,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $740,000
- 6.5%
- $815,000
- 7%
- $815,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $870,000
- Geo Method
- $765,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $690,000
- Retail
- $775,000
- Mixed-Use
- $820,000
- Hospitality
- $735,000
- Educational
- $775,000
- Residential Income
- $820,000
- Energy
- $790,000
- Income-Based Land
- $780,000
- Food Service
- $625,000
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8745
- Latitude
- 42.8997
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA