45 Anderson RdBuffalo, NY 14225

Property Details for 45 Anderson Rd

Year built

1952

Lot size

0.85 AC

Property size (Sq ft)

10,094 SF

Zone code

05C

Property type

Office buildings

APN

143089 102.04-1-6.12

APU

143089102041612

Description

This exceptional traditional office building, located at 45 Anderson Road in Buffalo, New York, presents a compelling investment opportunity. Boasting 11,808 square feet of well-maintained office space, this property sits on a sizable 0.85-acre lot and offers ample parking for employees and visitors. The building is conveniently situated near the intersection of Anderson Road and Walden Avenue, just east of Interstate 90, providing easy access to major transportation routes. Recent improvements include a new roof, ensuring long-term cost savings and peace of mind. The property also features a full kitchen and a robust 220, 3-phase power system, catering to a variety of business needs. Previously serving as the headquarters for First Student, this building offers a proven track record and established infrastructure. The asking price is $1,200,000, translating to a price per square foot of $101.63. Annual property taxes are $14,000. This property is ideal for a business seeking a substantial and well-equipped office space in a prime Buffalo location. The combination of size, location, and recent upgrades makes this a highly attractive investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $1,831,072

  6.5%

  $1,690,220

  7%

  $1,569,490

• Comparable approach

  Method

  Valuation

  Relative Method

  $965,692

  Geo Method

  $635,014

• Alternative Use

  Use

  Valuation

  Residential

  $2,095,873

  Hospitality

  $1,919,808

  Educational

  $1,597,258

  Medical

  $1,652,190

  Retail

  $2,484,624

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.9059

Longitude

-78.771

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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