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    OFF-MARKET
    Office buildings

    550 Ctr Rd, Buffalo, NY 14224-2128

    4,620 SF 0.64 ac lot Built 1975
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US63-1939182
    Property summary
    AI-generated overview

    This exceptional 6,930 square foot commercial office building, situated on a 0.64-acre lot in West Seneca, NY, presents a compelling investment opportunity. Built in 1968, this Class B property boasts a desirable location near Union Road and Route 400, offering convenient access to major transportation arteries. The building features a low-maintenance brick exterior and is comprised of two full floors, each equipped with multiple offices, restrooms, and separate utility rooms. A chair lift ensures accessibility between floors, and a spacious walk-up attic provides additional storage. Ample parking is available with a lot accommodating over 30 vehicles. The property is zoned for commercial business use, though potential buyers should verify intended use with the Town of West Seneca. The asking price is $374,900, translating to $54.10 per square foot. This versatile property is suitable for a variety of uses, making it an attractive option for both established businesses and investors seeking a strong return. The property includes 40 parking spaces and is identified by APN 146800-134-150-0002-001-000.

    Property profile
    Verified
    Property type Office buildings
    Use group PROFESSIONAL BUILDING
    Year built 1975
    Total area 4,620 SF
    Lot 0.64 ac (27,939 SF)
    Zoning code 05 - COMMERCIAL
    APN 146800 134.15-2-1
    UPID US63-1939182
    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
    • Automatech Distribution Center Logistics Company
    • Eclipse Loupes Department Store
    • Leo Michalek Jr Md Physician
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    MICHALEK & MICHALEK LLC
    MICHALEK & MICHALEK LLC
    Zoning & alternative use
    05 - COMMERCIAL · Buffalo, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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