1236 Main St Buffalo, NY 14209
- Office buildings
- 24,782 SF
- 0.68 lot acres
Current Use by Public Records
- Business Technology Professionals / Software Company / Computer Consultant
- Cs Business Systems Inc / Business Management Consultant
Property Details for 1236 Main St
- Year built
- 1953
- Lot size
- 0.68 lot acres
- Property size
- 24,782 SF
- Zone code
- N-2R
- Property type
- Office buildings
- APN
- 140200 100.55-1-5.11
- APU
- 140200100551511
Description
This exceptional 33,000 square foot Class B office building, located at 1236 Main Street in Buffalo, New York, presents a unique investment opportunity. Built in 1953, this former school building currently functions as office space and offers versatile potential. The property boasts 10,000 square feet on each of the first and second floors, a 4,500 square foot third floor, and a usable 10,000 square foot lower level. The building features 14-foot ceilings, large windows, and an elevator servicing all floors. A significant advantage is the ample parking: a fenced lot with 25+ spaces accessible from Linwood Avenue, plus an additional 5 spaces in front. The primary entrance can be reconfigured to face Linwood Avenue for direct access from the parking lot. All mechanical systems and the building structure are well-maintained. The first floor is handicapped accessible. The property's location between Summer Street and Bryant Street places it in close proximity to the Buffalo Niagara Medical Campus and directly adjacent to a Delta Sonic Car Wash. Its adaptable design makes it suitable for various uses, including traditional office space, medical offices, a school, or even conversion into loft apartments. Further expansion possibilities exist at the rear of the building. The asking price is $2,300,000, and the owner will consider leasing options. This property offers a compelling blend of size, location, and adaptability, making it an attractive investment prospect.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $555,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $460,000
- 6.5%
- $510,000
- 7%
- $460,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $415,000
- Geo Method
- $490,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $410,000
- Retail
- $495,000
- Mixed-Use
- $540,000
- Hospitality
- $530,000
- Educational
- $445,000
- Residential Income
- $520,000
- Energy
- $535,000
- Income-Based Land
- $565,000
- Food Service
- $540,000
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8685
- Latitude
- 42.9075
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA