Property profile

2060 Sheridan Dr Buffalo, NY 14223

FOR LEASE
Office buildings
Property ID
US63-2085289
8,190 SF 0.43 ac lot Built 1990
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 12,000-square-foot office building, situated on a 0.43-acre lot in Erie County, NY, presents a unique investment opportunity. The three-story Class B building boasts a convenient location at the corner of Sheridan Drive and Colvin Boulevard in Buffalo, NY 14223, offering easy access to major thoroughfares, including the New York State Thruway (I-290, exit 2), just 1.5 miles away. The property features 35-40 parking spaces with two curb cuts for convenient access, and is ADA accessible with a wheelchair ramp and designated parking. The interior comprises versatile space suitable for a single tenant or multiple occupants, including executive offices, conference rooms, a cafeteria, break room, printer room, storage, and a vault. The building's infrastructure includes an elevator and both north and south stairwells. The first, second, and sub-basement floors offer flexibility for various configurations. Its prime location provides proximity to the University at Buffalo (both North and South campuses), major retail centers on Niagara Falls Boulevard, the Village of Elmwood, and North Delaware Avenue, as well as numerous restaurants, grocery stores, and pharmacies within walking distance. Zoned for commercial use, this property is ideal for medical practices, engineering firms, or other businesses seeking a high-visibility location with ample space and amenities. The building is available for sale or lease.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1990
Total area 8,190 SF
Lot 0.43 ac (18,669 SF)
Zoning code C-1
APN 146489 66.33-2-34.1
UPID US63-2085289

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Engineering Consultant

Location

2060 Sheridan Dr Buffalo, NY 14223
Buffalo metro Census 8101 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$435k
CAP Approach CAP
by Request
Comparable Approach Comparable
$763k
Blend (final) Blend
$435k

Owner & transaction history

since 2010
2 recorded transactions
2010
Price N/A
1969
Price N/A

Zoning & alternative use

C-1 · Buffalo, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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