1067 Broadway StBuffalo, NY 14212

Property Details for 1067 Broadway St

Year built

1900

Lot size

0.07 AC

Property size (Sq ft)

8,402 SF

Zone code

N-3C

Property type

Investment properties

Property subtype

Live-work space

APN

140200 112.29-8-1

APU

1402001122981

Description

This exceptional commercial property, located at 1067 Broadway in Buffalo, New York, presents a unique investment opportunity. The former bank building boasts a substantial 11,356 square feet of space, offering versatile options for a variety of retail or office uses. The building's prominent corner location on Broadway ensures excellent visibility and accessibility, situated within the developing Broadway-Fillmore area. The first floor offers ample space ideal for retail businesses or office spaces, while the second floor provides additional space suitable for apartments or further office expansion. The property's asking price is $400,000, translating to a price per square foot of $35.22. Annual property taxes are $3,800. This building's size, location, and adaptability make it an attractive prospect for investors seeking a strong return in a revitalizing neighborhood. The building's history as a bank provides a solid foundation for future development, offering a unique blend of character and modern potential. Detailed floor plans and further information are available upon request. Don't miss this chance to acquire a prime commercial property in a rapidly growing area of Buffalo.

• CAP approach

  CAP return

  Valuation

  6%

  $1,524,150

  6.5%

  $1,406,908

  7%

  $1,306,414

• Comparable approach

  Method

  Valuation

  Relative Method

  $803,821

  Geo Method

  $528,570

• Alternative Use

  Use

  Valuation

  Residential

  $1,744,566

  Hospitality

  $1,598,013

  Educational

  $1,329,528

  Medical

  $1,375,252

  Retail

  $2,068,154

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.8936

Longitude

-78.8352

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].