1219 Elmwood Ave Buffalo, NY 14222
- Office buildings
- 5,158 SF
- 0.13 lot acres
Current Use by Public Records
- Newman Center / Church / Mosque
Property Details for 1219 Elmwood Ave
- Year built
- 1960
- Lot size
- 0.13 lot acres
- Property size
- 5,158 SF
- Zone code
- N-4-30
- Property type
- Office buildings
- APN
- 140200 89.13-2-31
- APU
- 1402008913231
Description
This exceptional 5,158 square foot mixed-use building, situated at 1219 Elmwood Avenue in Buffalo, NY, presents a unique investment opportunity. Originally constructed in 1940 with an addition in the 1970s, this two-story structure boasts a finished basement exceeding 3,400 square feet, totaling almost 5,200 square feet of usable space. Currently configured as a religious facility with offices, the property offers significant potential for adaptive reuse, including residential conversion (single-family or multi-family). Its prime location across from the Albright-Knox Art Gallery, Buffalo State University, and the Richardson Hotel ensures high visibility and accessibility. The building is in excellent condition, featuring a well-maintained roof and mechanical systems, including two boilers. Three bathrooms, one full, are conveniently located throughout. Designated on-street parking is available, adding to the property's appeal. The property sits on a 0.13-acre lot (APN: 140200-089-130-0002-031-000) and is fully sprinklered, enhancing safety and security. This is a rare opportunity to acquire a well-maintained building in a highly desirable location with significant upside potential. The asking price is $585,000.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $610,000
Market price range: $353k - $880k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $600,000 Current use
- RETAIL STORES
- $740,000 Change: +24% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $670,000 Change: +12% Conversion: Difficult
- RESTAURANT
- $640,000 Change: +7% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $500,000 Change: -16% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8766
- Latitude
- 42.9306
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA