1094 Lovejoy St Buffalo, NY 14206-1127
This exceptional investment opportunity presents a two-building, 2,860 square foot office property situated in Buffalo, NY's vibrant Lovejoy neighborhood, at 1094 E Lovejoy St, zip code 14206. The property, built in 1910, is zoned E-04 and features two stories, offering a turnkey medical office space with a spacious waiting room, reception area, three medical offices, a kitchenette, a private office, an administrative office area, and an updated ADA-compliant bathroom. A convenient back entrance leads to a private parking lot with a full handicap ramp, accommodating up to six vehicles. The property includes a boiler (installed 2022) and circuit breakers. Exterior features include vinyl siding, glass block windows, and a partial basement with a sump pump. While the roof's age is not specified, the upstairs apartment, requiring full renovation, presents significant potential for rental income generation due to its layout. The property's location along a busy retail corridor ensures high visibility and accessibility. This Class C property is priced at $179,900, or $62.90 per square foot. The property is comprised of two buildings.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
N-3E · Buffalo, NYBuffalo. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.