2949 Elmwood Ave Buffalo, NY 14217-1356

This exceptional two-story, 8,828 square foot Class B medical office building at 2949 Elmwood Avenue in Buffalo, New York, presents a compelling investment or owner-user opportunity. Built in 1980 and extensively renovated in 2020, the property boasts eight units, each approximately 1100 square feet, with five currently available for lease. The building features an elevator for convenient access to both floors. A significant portion of the building (approximately 4800 square feet on the second floor) can be configured to suit a larger tenant's needs through the merging of up to four units, including a central common area. Currently, the building enjoys 20% occupancy, with Immediate Care and Family Medicine occupying the first floor. The owner is actively pursuing new tenants at a modified gross rent of $12 per square foot. All utilities are the responsibility of the tenants (all electric). This multi-tenant property is situated in Erie County, NY, 14217, and is priced at $750,000 ($84.96 per square foot). The building's history as a medical office makes it well-suited for continued use in this sector, but it is open to all professional uses. This presents a unique chance to acquire a well-located property with significant upside potential.