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Property profile & analytics
OFF-MARKET Estimated value $600,000
Office buildings

6 Pearl St Buffalo, NY 14202-1412

5,674 SF 0.29 ac lot Built 1870
Individually Owned 14-yr Hold Free & Clear
Property ID
US63-2636213
Property summary
AI-generated overview

This stunning, vacant, two-story office building, located at 6 North Pearl Street in Buffalo, NY's historic Allentown district, presents a unique investment opportunity. Boasting 6,931 square feet, the property is priced at $849,000, or $122.49 per square foot. The building features two 2,500 square foot spaces, ideally suited for attorney or professional office users, each complete with built-in kitchenettes, fireplaces, and conference rooms. Ample on-site parking is a significant advantage. Its prime location offers easy access to the Buffalo Central Business District (CBD), the Buffalo Niagara Medical Campus, and the Elmwood Village, with convenient access to the NYS Thruway I-190 and Route 33 Expressway. Surrounded by a wealth of amenities including shopping, restaurants, banks, and service businesses, this property enjoys a highly desirable location. The building's historic character and flexible layout also present the possibility of conversion to residential use, expanding its potential appeal. This Class B office building represents a compelling investment opportunity in a thriving urban neighborhood. The property is currently vacant, allowing for immediate occupancy and customization to suit a new owner's needs. Don't miss this chance to acquire a substantial property in a highly sought-after area of Buffalo.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1870
Total area 5,674 SF
Lot 0.29 ac (12,765 SF)
Zoning code N-2R
APN 140200 111.22-6-1
UPID US63-2636213
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
  • McCready & Todaro Law Firm
  • McCready & Todaro: Todaro David P Law Firm
  • Maureen A McCready Law Firm
  • Albert Burruano, Attorney At Law Law Firm
  • Scott Karen Gaughan Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
by Request
Comparable Approach Comparable
$837k
Blend (final) Blend
$600k
Owner & transaction history
Maureen A Mccready · 14 yrs held
Maureen A Mccready
since 2012
Last sale
$600,000
1 recorded transaction
2012
Price N/A
Zoning & alternative use
N-2R · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $815,000 +23.8%
Neighborhood: shopping center $735,000 +11.9%
Restaurant $700,000 +6.8%
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