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    Property profile & analytics
    OFF-MARKET Estimated value $2,000,000
    Retail space

    1625 Broadway St, Buffalo, NY 14212-2042

    13,207 SF 1.9 ac lot Built 2000
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US63-3145243
    Property summary
    AI-generated overview

    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
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2000
    Total area 13,207 SF
    Lot 1.9 ac (82,764 SF)
    Zoning code D-S
    APN 140200 112.24-7-26.11
    UPID US63-3145243
    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
    Current use
    Occupant on record · Public records
    • Rite Aid Photo (Bike/Boat/Book/etc) Store
    • Western Union Bank Credit Union
    • higi Physician
    • Nichole Sperrazzo Pharmacy
    • Brienne Nichols Pharmacy
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.07M
    CAP Approach CAP
    $1.98M
    Comparable Approach Comparable
    $2.57M
    Blend (final) Blend
    $2.00M
    Owner & transaction history
    1625 Broadway Associates LLC · 2 yrs held
    1625 Broadway Associates LLC
    since 2023
    Last sale
    $2.0M
    4 recorded transactions
    2023
    $2.0M
    2022
    $2.2M
    2014
    $3.2M
    2012
    $2.7M
    Zoning & alternative use
    D-S · Buffalo, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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