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    FOR SALE
    Office buildings

    3656 Milestrip Rd, Blasdell, NY 14219

    32,412 SF 3.26 ac lot Built 1936
    Trust Owned 6-yr Hold Free & Clear
    Property ID
    US63-0321981
    Property summary
    AI-generated overview

    This exceptional 32,952 square foot former elementary school in Blasdell, NY, presents a unique redevelopment opportunity. Situated on a 3-acre lot at 3656 Milestrip Road, this Class C building, constructed in 1936, offers a single, expansive space ideal for adaptive reuse. The property is currently vacant and entirely available, with a minimum divisible space of 750 square feet and a maximum contiguous space of 32,952 square feet. Its location in Erie County, with easy access to Buffalo, makes it strategically positioned for a variety of commercial or multi-family projects. The building's substantial size and distinctive architecture offer significant potential for creative transformation. The asking price is $12 per square foot. This is a rare chance to acquire a substantial property with immense potential in a desirable location. The property's history as a school provides a unique character, while its size and layout offer flexibility for a wide range of development plans. This is an excellent opportunity for investors seeking a high-impact project with significant upside. The property is zoned for commercial and multi-family use, providing a variety of development options. Don't miss this chance to acquire a piece of history and create something truly special.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1936
    Total area 32,412 SF
    Lot 3.26 ac (142,006 SF)
    APN 144889 150.16-2-27.12
    UPID US63-0321981
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Leo James Mae and associates Financial Advisor
    • The Superior Plan Corporate Office Financial Advisor
    • CORECC Telecommunications Service Tech Support Center
    • WINC Telecommunications Service Data Center
    • Publishers National Associated Services Publishing House
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $834k
    Blend (final) Blend
    $1.21M
    Owner & transaction history
    Mosey,thomas J T Living Trust · 6 yrs held
    Mosey,thomas J T Living Trust
    since 2020
    1 recorded transaction
    2020
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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