451 Elmwood AveBuffalo, NY 14222

Property Details for 451 Elmwood Ave

Year built

1963

Lot size

0.41 AC

Property size (Sq ft)

67,630 SF

Zone code

N-2C

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

140200 100.46-2-2.121

APU

1402001004622121

Description

The Pardee, located at 451 Elmwood Avenue in Buffalo, NY, 14222, presents a unique opportunity for businesses seeking prime office space in Erie County. This five-story Class A building offers a total of 15,000 square feet, with 7,413 square feet currently vacant and available for lease. The building boasts a mixed-use design, incorporating both retail and office space, creating a vibrant and convenient environment. Two contiguous spaces are immediately available, ranging from 3,600 to 3,813 square feet, perfect for businesses requiring substantial space. The building's executive office suites are ideal for companies seeking a prestigious address in a thriving location. The Pardee's Elmwood Avenue frontage provides excellent visibility and accessibility, placing your business within the heart of the Elmwood Village, known for its artistic character and proximity to Delaware Avenue and Main Street. This location offers unparalleled convenience, surrounded by a variety of shops, restaurants, and entertainment options, enhancing the overall appeal for employees and clients alike. The building's multiple tenancy structure ensures a diverse and dynamic atmosphere. This is an exceptional opportunity to establish your business in a highly desirable and well-connected area of Buffalo.

• CAP approach

  CAP return

  Valuation

  6%

  $12,268,334

  6.5%

  $11,324,616

  7%

  $10,515,715

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,470,182

  Geo Method

  $6,100,758

• Alternative Use

  Use

  Valuation

  Residential

  $14,042,524

  Hospitality

  $12,862,876

  Educational

  $10,701,762

  Medical

  $11,069,812

  Retail

  $16,647,185

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.9093

Longitude

-78.8768

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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