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Property summary
This exceptional multi-use property, situated on 1.42 acres along the scenic Buffalo Creek in Elma, NY, presents a unique investment opportunity. The 6,450 square foot building boasts a rich history, meticulously maintained for 38 years. Currently configured as four office suites and two residential apartments, this versatile space offers significant income potential. The office suites range in size from 400 to 1780 square feet, with Suites 1 and 2 easily combined to create a larger space. Two offices are currently occupied, while two are vacant and ready for immediate lease. Each of the two spacious one-bedroom, one-bathroom apartments features a large kitchen, living room, in-unit laundry, and a second-floor loft area ideal for a home office. A complete renovation in 1985, coupled with ongoing updates, ensures the building is in excellent condition. A full, dry basement with 8-foot ceilings provides ample, individually accessible storage for tenants. Convenient access is provided via a main entrance for the office suites (with rear entrances for Suites 1 & 2) and a separate rear entrance for the residential units. Ample parking is available on the paved lot. Detailed floor plans are available upon request. This property offers a blend of commercial and residential income streams in a desirable location, making it an attractive investment for discerning buyers.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
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Consultant
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Loan Service
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Title Company
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Consultant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Elma market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C/AG · Elma, NYZoning
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Zoning designation
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The district profile from the municipal source: what is on file for C/AG in Elma, NY.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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