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    Property profile & analytics
    OFF-MARKET Estimated value $1,355,000
    Office buildings

    4233 Lk Ave, Buffalo, NY 14219-1216

    35,366 SF 2.8 ac lot Built 1959
    Individually Owned 9-yr Hold Free & Clear
    Property ID
    US63-2928162
    Property summary
    AI-generated overview

    This exceptional Class A medical office building, located at 4233 Lake Avenue in the desirable Blasdell submarket of Erie County, offers two remaining suites for lease. The single-story, 35,366 square foot building underwent a complete renovation in 2018 and sits on a spacious 2.8-acre lot. The property is zoned for Office, Retail, and Commercial use, providing flexibility for a variety of medical or professional tenants. Ample parking is available with 50 spaces. Two suites are currently available, offering a range of sizes to accommodate different needs. Suite #3 offers approximately 1,500 square feet, while Suite #4 provides approximately 3,700 square feet and is divisible. These suites can also be combined to create a larger space totaling 5,200 square feet. The minimum leasable space is 1,000 square feet. The building features a common corridor connecting existing tenants, allowing for convenient interior access. The Lake Avenue suite offers the unique possibility of a retail entrance design. This prime location in the Lake and South Park submarket cluster presents a fantastic opportunity for medical professionals seeking a modern, well-maintained space with excellent visibility and ample parking. The APN is 144889-151-550-0007-013-100. Currently, 6,200 square feet of space is vacant.

    Property profile
    Verified
    Property type Office buildings
    Use group PROFESSIONAL BUILDING
    Year built 1959
    Total area 35,366 SF
    Lot 2.8 ac (121,968 SF)
    Zoning code C2
    APN 144889 151.55-7-13.1
    UPID US63-2928162
    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
    • Neighborhood Health Center - Blasdell Medical Clinic
    • ATM Atm
    • Neighborhood Health Center Physician
    • Miss Laurie Brown-Croyts Physician
    • Dr. David Vona Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.06M
    Blend (final) Blend
    $1.36M
    Owner & transaction history
    Northwest Buffalo Cmnty Health · 9 yrs held
    Northwest Buffalo Cmnty Health
    since 2017
    2 recorded transactions
    2017
    $1.1M
    2012
    $600,000
    Zoning & alternative use
    C2 · Buffalo, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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