703 Washington St Buffalo, NY 14203
- Office buildings
- 11,289 SF
- 0.09 lot acres
Current Use by Public Records
- Buffalo Prenatal-Perinatal Network (BPPN) / Office / Social Services Organization
Property Details for 703 Washington St
- Year built
- 1980
- Lot size
- 0.09 lot acres
- Property size
- 11,289 SF
- Zone code
- N-1C
- Property type
- Office buildings
- APN
- 140200 111.31-13-3
- APU
- 14020011131133
Description
This exceptional three-story, 11,289 square foot commercial building is ideally situated in downtown Buffalo at the corner of Washington and Tupper Streets, offering unparalleled visibility. Built in 1980 and extensively renovated in 2020, this Class B property boasts a 100% occupancy rate with a single tenant. The building features convenient on-site parking for 10 vehicles, a significant advantage in a bustling urban environment. Each floor is thoughtfully designed with its own kitchen and bathrooms, enhancing functionality and convenience for occupants. The flexible space, suitable for executive offices or other uses, provides ample room for a variety of business needs. Its prime location provides easy access to the 33 Expressway and the New York State Thruway, ensuring seamless connectivity throughout the region. The asking price for this turnkey investment opportunity is $1,100,000. This property represents a rare opportunity to acquire a well-maintained, high-visibility commercial building in a thriving downtown location. The building's modern amenities, combined with its strategic location and convenient access to major transportation arteries, make it an attractive investment for discerning buyers. The 100% occupancy rate ensures immediate cash flow, making this a compelling proposition for investors seeking a stable and profitable asset.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $900,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $785,000
- 6.5%
- $800,000
- 7%
- $895,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $950,000
- Geo Method
- $910,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $945,000
- Retail
- $735,000
- Mixed-Use
- $775,000
- Hospitality
- $955,000
- Educational
- $975,000
- Residential Income
- $885,000
- Energy
- $940,000
- Income-Based Land
- $1,000,000
- Food Service
- $855,000
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8705
- Latitude
- 42.893
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
