Property summary
This exceptional 13,207-square-foot medical office building presents a rare opportunity in Buffalo, NY. Located at the highly visible corner of Broadway and Bailey Avenue, this single-tenant property boasts a prime location at a signalized intersection, ensuring maximum exposure. Built in 2000, the one-story building sits on a spacious 1.9-acre lot and offers ample parking with 69 spaces. Its former use as a Rite Aid provides a readily adaptable layout for various medical practices. The property's convenient location is just three miles from downtown Buffalo and enjoys proximity to key amenities. These include the historic Broadway Market, Family Dollar, Aaron's Furniture, and a large business park, all within close proximity. Furthermore, it is surrounded by a densely populated residential area, providing a strong potential patient base. The building features drive-through access, adding to its operational efficiency and convenience. This turnkey property is ideal for medical professionals seeking a well-established and highly visible location to establish or expand their practice. The significant parking capacity and convenient access points make this an attractive option for patients and staff alike. This is a truly exceptional opportunity to acquire a well-situated and functional medical office building in a thriving area of Buffalo.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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Bank Credit Union
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Physician
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Pharmacy
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Pharmacy
Location
Value estimations
Owner & transaction history
Zoning & alternative use
D-R, D-M, D-E, D-S, D-C, D-IL, D-IH, D-OS, D-OG, D-ON, C-R C-W-100 TABLE 5A: WATERFRONT YARDS DECEMBER 2016 CITY OF BUFFALO | CHAPTER 496, UNIFIED DEVELOPMENT ORDINANCE CORRIDOR ZONES | 5-9 where it finds that developmen…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
D-S · Buffalo, NYD-R, D-M, D-E, D-S, D-C, D-IL, D-IH, D-OS, D-OG, D-ON, C-R C-W-100 TABLE 5A: WATERFRONT YARDS DECEMBER 2016 CITY OF BUFFALO | CHAPTER 496, UNIFIED DEVELOPMENT ORDINANCE CORRIDOR ZONES | 5-9 where it finds that developmen…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
D-R, D-M, D-E, D-S, D-C, D-IL, D-IH, D-OS, D-OG, D-ON, C-R C-W-100 TABLE 5A: WATERFRONT YARDS DECEMBER 2016 CITY OF BUFFALO | CHAPTER 496, UNIFIED DEVELOPMENT ORDINANCE CORRIDOR ZONES | 5-9 where it finds that developmen…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for D-S in Buffalo, NY.
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Find the owner behind the property.
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