25 Summer St Buffalo, NY 14209-2207
- Specialty properties
- 3,362 SF
- 0.14 lot acres
Sep 03, 2021
Current Use by Public Records
- Summer Street Cat Clinic P.C. / Veterinarian
Property Details for 25 Summer St
- Year built
- 1900
- Lot size
- 0.14 lot acres
- Property size
- 3,362 SF
- Zone code
- N-2R
- Property type
- Specialty properties
- APN
- 140200 100.63-1-4.2
- APU
- 14020010063142
Description
This exceptional 3,362 square foot medical office building at 25 Summer Street in Buffalo, New York, presents a compelling investment opportunity. Located in Erie County, zip code 14209, the property boasts a single tenant under a long-term absolute NNN lease, ensuring consistent cash flow. The building is in excellent condition and offers ample parking for ten or more vehicles. The current gross annual rental income is $50,000, translating to a price per square foot of $178.44. This translates to a strong return on investment for the asking price of $599,900. The property is conveniently located at 25 Summer Street, Buffalo, NY. This single-unit building offers a straightforward investment strategy with a reliable income stream. The property is available for purchase individually, or as part of a larger package that includes another tenant-occupied property (2323 N Forest Getzville, NY – details available upon request). All showings must be scheduled in advance. This is a rare opportunity to acquire a well-maintained, income-producing medical office building in a desirable location. Further details are available upon request.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $255,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $262,000
Market price range: $161k - $374k -
Alternative Use
- Use
- Estimation
- VETERINARY, ANIMAL HOSPITAL
- $260,000 Current use
- COMMERCIAL (GENERAL)
- $255,000 Change: -3% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $250,000 Change: -5% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8693
- Latitude
- 42.9048
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA