135 Delaware AveBuffalo, NY 14202

Property Details for 135 Delaware Ave

Year built

1961

Lot size

0.34 AC

Property size (Sq ft)

75,941 SF

Zone code

N-1D

Property type

Office buildings

APN

140200 111.45-3-17

APU

14020011145317

Description

This six-story, Class B office building at 135 Delaware Avenue in Buffalo, NY, offers 75,941 square feet of executive office space. Located in the heart of the Central Business District, just one block from Niagara Square, this prime location provides easy access to courts, City Hall, and County Hall. Currently, there are three suites available, ranging from 750 to 4,425 contiguous square feet. The building features elevators and on-site adjacent parking. Leases are full-service (gross). Recent building improvements include LED lighting, fresh paint, and new flooring for incoming tenants. While some photos depict older spaces, these will be fully renovated and updated to the landlord's current standards for new tenants. The minimum divisible space is 750 square feet. The building was constructed in 1961 and is situated in Erie County, zip code 14202. This is an exceptional opportunity for businesses seeking a prestigious address in a convenient and well-maintained building.

• CAP approach

  CAP return

  Valuation

  6%

  $13,776,000

  6.5%

  $12,716,308

  7%

  $11,808,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,265,302

  Geo Method

  $6,851,111

• Alternative Use

  Use

  Valuation

  Residential

  $15,768,222

  Hospitality

  $14,443,607

  Educational

  $12,016,911

  Medical

  $12,430,191

  Retail

  $18,692,972

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.8881

Longitude

-78.8772

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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