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Property profile & analytics
OFF-MARKET
Investment properties

561 Rdg Rd Buffalo, NY 14218-1319

4,321 SF 0.21 ac lot Built 1990
Individually Owned Free & Clear
Property ID
US63-5446673
Property summary
AI-generated overview

This exceptional investment opportunity presents a 5,721 square foot office building situated on a 0.21-acre lot at 561 Ridge Rd, Lackawanna, NY. The property boasts nine professional offices on the first floor, conveniently equipped with three bathrooms and a kitchenette. Currently generating income, this building offers immediate return on investment. The second floor presents a significant value-add opportunity for expansion or further development. The basement has been recently renovated, adding to the overall functionality and appeal. A new HVAC system ensures efficient climate control throughout the building. Ample parking is available with 10+ spaces, plus additional garage space. The property's location within the Central Business District zoning area provides excellent access to amenities and services. Its proximity to downtown Buffalo, less than 10 minutes away, further enhances its desirability and accessibility. This is a rare chance to acquire a well-maintained, income-producing office building with significant upside potential in a thriving location. The combination of existing income, renovation updates, and strategic location makes this an attractive investment for discerning buyers.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1990
Total area 4,321 SF
Lot 0.21 ac (9,310 SF)
Zoning code CBD
APN 140900 142.37-4-6.1
UPID US63-5446673
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
  • Frank Bybel Law Office Law Firm
  • Jason Shear Law Consultant
  • Dr. Leo Michalek Physician
  • Law Offices Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mitchell L Schwartz
Mitchell L Schwartz
since 2026
Last sale
$245,000
3 recorded transactions
2026
Price N/A
2025
$245,000
2021
$230,000
Zoning & alternative use
CBD · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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