217 Delavan AveBuffalo, NY 14208

Property Details for 217 Delavan Ave

Year built

1906

Lot size

2.24 AC

Property size (Sq ft)

24,322 SF

Zone code

N-3E

Property type

Investment properties

Property subtype

Live-work space

APN

140200 89.82-2-1.111

APU

140200898221111

Description

This exceptional three-story, 25,221 square foot office building, originally constructed in 1906 and extensively renovated in 2021, presents a unique investment opportunity in Buffalo's vibrant Western New York submarket. The property, located at 217 E Delavan, near Pleasant Place, is zoned N-3E and offers flexible space options for multiple tenants. Currently, there are 9,200 square feet of vacant space available, with a minimum divisible unit of 3,800 square feet and a maximum contiguous space of 8,407 square feet. Two spaces are currently available, ranging in size from 2,762 to 8,407 square feet. The building boasts a Class B rating and features 41 parking spaces and elevators for convenient access to all three floors. Its convenient location provides easy access to major thoroughfares like the Kensington Expressway and Scajauada Expressway, as well as proximity to Canisius College. This former Lutheran Church conversion offers a blend of historic charm and modern functionality, making it an ideal location for a variety of businesses. The property is situated in Erie County and is part of the Buffalo submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $4,412,087

  6.5%

  $4,072,696

  7%

  $3,781,789

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,326,890

  Geo Method

  $1,530,097

• Alternative Use

  Use

  Valuation

  Residential

  $5,050,142

  Hospitality

  $4,625,904

  Educational

  $3,848,697

  Medical

  $3,981,060

  Retail

  $5,986,862

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.9215

Longitude

-78.8491

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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