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Property profile & analytics

119 Broadway St Buffalo, NY 14203

  • Office buildings
  • 11,532 SF
  • 0.24 lot acres
For Sale
Last Sale
Apr 03, 2024
$1,550,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US63-3347059
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

based on Realmo’s proprietary methodology
  • 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

Get a detailed, property-specific valuation — fast and free


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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,898
$115,000
$560,000
$675,000
-
$164,286
$800,000
$964,286
More about this property
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