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969 Ellicott St Buffalo, NY 14209

Investment properties Google Maps
3,719 SF 0.33 ac lot Built 1938
Entity Owned 11-yr Hold Free & Clear
Estimated value (blended)
$245k
Range $221k – $270k (±10%)
Property ID US63-5272091

Property summary

AI-generated overview

This exceptional office property, located at 969 Ellicott Street, Buffalo, NY, offers a unique blend of functionality and prime location. Situated at the intersection of Ellicott Street and Best Street, this single-story building boasts 4,309 square feet of total space, with 2,014 square feet currently available for lease. The property features a flexible layout suitable for various office configurations, including traditional, executive, medical, coworking, and creative office uses. Originally constructed in 1980 and extensively renovated in 2015, the building is well-maintained and ready for immediate occupancy. The space is part of a multi-tenant building with a total of two suites. The property sits on a 0.33-acre lot and provides ample parking with six spaces available. Its N-2E zoning designation offers flexibility for a range of businesses. The building's history as a former warehouse adds to its unique character, while its location within the Buffalo Niagara Medical Corridor provides excellent access to healthcare professionals and related services. The minimum leasable space is 2,014 square feet, with a maximum contiguous space of 4,309 square feet available. This presents an excellent opportunity for businesses seeking a well-located, adaptable office space in a thriving area.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1938
Total area 3,719 SF
Lot 0.33 ac (14,231 SF)
Zoning code N-2E
APN 140200 100.64-5-49.1
UPID US63-5272091

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
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

Zoning & alternative use

N-2E · Buffalo, NY
Zoning description

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 Edge 3-10 3.1.9 N-3R Residential 3-11 3.1.10 N-4-30 Single-Family 3-12 3.1.11 N-4-50 Single-Family 3-13 3.2 Bu…

General category MIXED_USE

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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More about this property
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