119 Broadway St Buffalo, NY 14203
- Office buildings
- 11,532 SF
- 0.24 lot acres
Current Use by Public Records
- Office buildings
Property Details for 119 Broadway St
- Year built
- 1927
- Lot size
- 0.24 lot acres
- Property size
- 11,532 SF
- Zone code
- N-1C
- Property type
- Office buildings
- APN
- 140200 111.55-7-1.1
- APU
- 14020011155711
Description
This exceptional Class A office building at 119 Broadway in Buffalo, NY, presents a unique investment opportunity. The three-story structure, built in 1927 and recently renovated, boasts a total of 11,500 square feet of usable space. The main office area encompasses 9,000 square feet, ideal for executive offices, while a 2,500 square foot attached warehouse provides ample storage or additional workspace. The property benefits from a highly desirable location on a high-traffic arterial, just outside the central business district, ensuring excellent visibility and accessibility. Secure parking is a key feature, with 11 gated parking spaces available, and the potential for indoor parking within the warehouse. The building is equipped with a 2500 lb freight elevator, a robust security system utilizing key fobs, and a reliable 20 kW generator with an automatic transfer switch, ensuring business continuity. A full, dry, and usable basement adds further versatility. This prime commercial property offers a blend of modern amenities and historical charm, making it an attractive proposition for discerning buyers. The building's corner location on Elm/Oak provides exceptional street exposure. The asking price is $1,500,000. This is a rare opportunity to acquire a well-maintained, high-traffic commercial property in a thriving downtown area.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,118,000
Market price range: $789k - $1.97M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,335,000 Current use
- RETAIL STORES
- $1,655,000 Change: +24% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $1,495,000 Change: +12% Conversion: Difficult
- RESTAURANT
- $1,430,000 Change: +7% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $1,125,000 Change: -16% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,095,000 Change: -18% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8686
- Latitude
- 42.8863
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA