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Property profile & analytics
OFF-MARKET Estimated value $695,000
Medical Office Space

1294 Niagara St Buffalo, NY 14213

47,883 SF 1.14 ac lot Built 1900
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US63-3675389
Property summary
AI-generated overview

This exceptional mixed-use redevelopment opportunity presents a 67,331 square foot, three-story building situated on a 1.14-acre lot in Buffalo, New York. Originally constructed in 1914 as a factory, this 14-bay brick masonry building offers significant potential for adaptive reuse. The property features two loading bays, multiple pedestrian entrances, and benefits from its location within a designated Opportunity Zone. The building's permitted zoning is N-1S. The asking price is $3,800,000, translating to $56.44 per square foot. This prime location on Niagara Street is undergoing a significant transformation, evolving from an industrial corridor into a vibrant destination. The City of Buffalo is actively investing in the Niagara Street Rehabilitation Project, enhancing the area's infrastructure with improvements to pedestrian walkways, bicycle lanes, public transit access, and traffic flow. The property's strategic location provides easy access to major transportation arteries, including the Peace Bridge/Canadian Border, I-190, and the Scajaquada Expressway. High daytime traffic volume from heavy vehicles and proximity to public transit further enhance its appeal. This is a unique chance to capitalize on the revitalization of a key Buffalo location.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 1900
Total area 47,883 SF
Lot 1.14 ac (49,658 SF)
Zoning code N-1S
APN 140200 88.81-1-11
UPID US63-3675389
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$605k
CAP Approach CAP
by Request
Comparable Approach Comparable
$786k
Blend (final) Blend
$695k
Owner & transaction history
1238 Group LLC · 9 yrs held
1238 Group LLC
since 2016
2 recorded transactions
2016
$2.4M
1969
Price N/A
Zoning & alternative use
N-1S · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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