251 John James Audubon Pkwy, Buffalo, NY 14228
For Lease
This exceptional 26,256-square-foot creative office building, located at 251 John James Audubon Parkway in Buffalo, New York, presents a unique ownership opportunity. Built in 1981 and renovated in 1994, this single-story Class B building sits on a 3.67-acre lot and offers ample space for a variety of uses, including research and development, technology firms, sales organizations, or back-office operations. The property boasts an existing server room, catering to technology-focused businesses. With a 7:1000 parking ratio, convenient parking is ensured for employees and visitors. The building is zoned OB and is conveniently located near SUNY at Buffalo in Amherst, NY. The asking price is $2,850,000, translating to $108.55 per square foot. The potential for expansion exists, with the possibility of adding an additional 9,000 square feet. This is a rare opportunity to acquire a substantial office building in a desirable location, offering both immediate occupancy and significant growth potential. The property is privately owned.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.