Property profile

703 Washington St Buffalo, NY 14203

FOR SALE
Office buildings
Property ID
US63-3975059
11,289 SF 0.09 ac lot Built 1980
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional three-story, 11,289 square foot commercial building is ideally situated in downtown Buffalo at the corner of Washington and Tupper Streets, offering unparalleled visibility. Built in 1980 and extensively renovated in 2020, this Class B property boasts a 100% occupancy rate with a single tenant. The building features convenient on-site parking for 10 vehicles, a significant advantage in a bustling urban environment. Each floor is thoughtfully designed with its own kitchen and bathrooms, enhancing functionality and convenience for occupants. The flexible space, suitable for executive offices or other uses, provides ample room for a variety of business needs. Its prime location provides easy access to the 33 Expressway and the New York State Thruway, ensuring seamless connectivity throughout the region. The asking price for this turnkey investment opportunity is $1,100,000. This property represents a rare opportunity to acquire a well-maintained, high-visibility commercial building in a thriving downtown location. The building's modern amenities, combined with its strategic location and convenient access to major transportation arteries, make it an attractive investment for discerning buyers. The 100% occupancy rate ensures immediate cash flow, making this a compelling proposition for investors seeking a stable and profitable asset.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Total area 11,289 SF
Lot 0.09 ac (4,074 SF)
Zoning code N-1C
APN 140200 111.31-13-3
UPID US63-3975059

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
  • Corporate Office Coworking & Hybrid Office

Location

703 Washington St Buffalo, NY 14203
Buffalo metro Census 16500 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$915k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.19M
Blend (final) Blend
$900k

Owner & transaction history

since 2022
Last sale
$875,000
2 recorded transactions
2024
Price N/A
2022
$875,000

Zoning & alternative use

N-1C · Buffalo, NY
Zoning description

3.1.2 N-1C Mixed-Use Cor e 3-4 3.1.3 N-1S Secondar y Employment Center 3-5 3.1.4 N-2C Mixed-Use Center 3-6 3.1.5 N-2E Mixed-Use Edge 3-7 3.1.6 N-2R Residential 3-8 3.1.7 N-3C Mixed-Use Center 3-9 3.1.8 N-3E Mixed-Use Edg…

General category MIXED_USE
Top alternative use upside
Neighborhood: shopping center $1.5M +11.9%
Restaurant $1.4M +6.8%

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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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