Property profile

3656 Milestrip Rd Blasdell, NY 14219

FOR SALE
Office buildings
Property ID
US63-0321981
32,412 SF 3.26 ac lot Built 1936
Trust Owned 6-yr Hold Free & Clear
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Financial Advisor
  • Corporate Office Financial Advisor
  • Telecommunications Service Tech Support Center
  • Telecommunications Service Data Center
  • Publishing House

Location

3656 Milestrip Rd Blasdell, NY 14219
Blasdell metro Census 13001 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2020
1 recorded transaction
2020
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message