187 Delaware Ave, Buffalo, NY 14202
- Investment properties
- 6,002 SF
- 0.07 lot acres
Current Use by Public Records
- Investment properties
Property Details for 187 Delaware Ave
- Year built
- 1917
- Lot size
- 0.07 lot acres
- Zone code
- N-1D
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 140200 111.37-4-13
- APU
- 14020011137413
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 13, 2025 | $600,000 | Fortwentie Realty LLC | A Q Khan LLC | Bargain & Sale Deed | — |
| Jun 18, 2014 | $140,000 | Aq Khan LLC | Delaware Copy & Repro Center | Grant Deed | — |
| Sep 12, 2011 | $175,000 | Delaware Copy & Repro Center | Seneca Blue Print Co INC | Grant Deed | — |
Description
This exceptional mixed-use investment opportunity in downtown Buffalo, NY, presents a compelling value-add proposition. Located at 187 Delaware Avenue, this property boasts 6,000 square feet across two stories, situated on a 0.07-acre lot. The building, constructed in 1917, features three units: a vacant ground-floor retail space (previously a pizza shop, complete with a hood vent), and two vacant apartments on the second floor—one with one bedroom and the other with two bedrooms. All units are ready for immediate lease-up. Adding to the property's income stream is a rooftop billboard generating $7,000 in annual revenue. The property includes four parking spaces and is conveniently located near the intersection of Delaware and Huron, just a block from the vibrant Delaware and Chippewa entertainment district. This prime location is surrounded by hotels (Embassy Suites, Hampton Inn & Suites, Curtiss Hotel, and Hyatt Regency), numerous bars, restaurants, and nightclubs, catering to a young professional and college-graduate demographic. Daytime activity is also robust, with proximity to New Era's flagship store, Fountain Plaza, the Convention Center, and various local, state, and federal office buildings, including City Hall, Western NY District Federal Court, FBI, IRS, and VA offices, as well as Buffalo Police Headquarters and Erie County Court. The asking price is $650,000 ($108.33 per square foot), with annual property taxes of $8,182.64. Occupancy is available September 1, 2023. The APN is 140200-111-370-0004-013-000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $580,000
- ML approach
- $525,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $527,000
Market price range: $340k - $982k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $740,000 Current use
- RETAIL STORES
- $860,000 Change: +17% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $780,000 Change: +6% Conversion: Difficult
- RESTAURANT
- $745,000 Change: +1% Conversion: Difficult
- OFFICE BUILDING
- $695,000 Change: -6% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8767
- Latitude
- 42.8895
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
