2949 Elmwood Ave Buffalo, NY 14217-1356
Property profile & analytics
2949 Elmwood Ave, Buffalo, NY 14217-1356
- Office buildings
- 4,452 SF
- 0.33 lot acres
Property ID
US63-1868365
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dr. Sadashiv S. Shenoy, MD / Physician / Medical Clinic
- Twin City Physicians Group / Medical Clinic
- H Koritz Pain Management / Physician
- Dr. Nikhil C. Patel, MD / Physician / Medical Clinic
- Oddo Joseph R / Physician
Property Details for 2949 Elmwood Ave
- Year built
- 1980
- Lot size
- 0.33 lot acres
- Zone code
- TND
- Property type
- Office buildings
- APN
- 146489 66.45-2-1
- APU
- 146489664521
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8783
- Latitude
- 42.9778
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$15,917
$50,000
$50,000
$100,000
-
$208,350
$208,350
$416,700
