468 Delaware AveBuffalo, NY 14202

Property Details for 468 Delaware Ave

Year built

2014

Lot size

0.40 AC

Property size (Sq ft)

26,607 SF

Zone code

N-2E

Property type

Investment properties

Property subtype

Live-work space

APN

140200 111.22-2-5

APU

1402001112225

Description

This exceptional three-story, Class B office building, known as Twain Tower, offers 20,000 square feet of space at 468 Delaware Ave, Buffalo, NY 14202. Located in Erie County and conveniently situated near Virginia St, this property boasts a 0.4-acre lot and is zoned N-2E (APN: 140200-111-220-0002-005-000). The building, which underwent renovations in 2014, currently has 1,100 square feet of vacant space available for lease, ideal for a variety of uses. Suitable for both traditional office and medical office tenants, this multi-tenant building presents a unique opportunity. The available space totals 1,100 square feet and is ready for immediate occupancy. The building's strategic location in Buffalo offers excellent access to major transportation routes and amenities. This is a single building with three stories, providing a versatile and functional workspace. Interested parties should note the property's zoning designation and APN for further due diligence. This is an excellent opportunity to secure office space in a well-maintained and conveniently located building.

• CAP approach

  CAP return

  Valuation

  6%

  $4,826,612

  6.5%

  $4,455,334

  7%

  $4,137,096

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,545,500

  Geo Method

  $2,400,245

• Alternative Use

  Use

  Valuation

  Residential

  $5,524,614

  Hospitality

  $5,060,517

  Educational

  $4,210,291

  Medical

  $4,355,089

  Retail

  $6,549,342

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.8971

Longitude

-78.8751

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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