2282 Elmwood Ave Buffalo, NY 14217
- Office buildings
- 4,800 SF
- 0.35 lot acres
Current Use by Public Records
- Office buildings
Property Details for 2282 Elmwood Ave
- Year built
- 1987
- Lot size
- 0.35 lot acres
- Property size
- 4,800 SF
- Zone code
- 04 - FARM
- Property type
- Office buildings
- APN
- 146401 78.29-5-20
- APU
- 1464017829520
Description
This 4,800-square-foot, single-tenant office building at 2282 Elmwood Ave in Buffalo, NY, offers a flexible workspace ideal for various business types. Built in 1987 and renovated in 2020, the Class B property boasts seven offices, four meeting rooms, three lavatories, a reception area, and a waiting room. The ample 0.35-acre lot provides convenient on-site parking for approximately 30 vehicles, accessed via three curb cuts. The building's layout is currently configured for office use, but its zoning (General Business GB) allows for potential retail applications. Located in the Kenmore submarket of Erie County, this property offers easy access to Kenmore Ave. The lease includes tenant responsibility for utilities, lawn maintenance, and snow plowing. Property taxes are covered by the landlord, with any increase above the 2025 base year to be the tenant's responsibility. 4,500 square feet are currently vacant and ready for immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $175,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $185,000
- 6.5%
- $170,000
- 7%
- $170,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $180,000
- Geo Method
- $155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $150,000
- Retail
- $180,000
- Mixed-Use
- $180,000
- Hospitality
- $180,000
- Educational
- $200,000
- Residential Income
- $160,000
- Energy
- $205,000
- Income-Based Land
- $170,000
- Food Service
- $190,000
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8791
- Latitude
- 42.9591
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA