427 Delaware AveBuffalo, NY 14202

Property Details for 427 Delaware Ave

Year built

1931

Lot size

0.41 AC

Property size (Sq ft)

15,494 SF

Zone code

N-2C

Property type

Investment properties

Property subtype

Live-work space

APN

140200 111.22-9-16

APU

14020011122916

Description

This exceptional 6,500 square foot Class B office space at 427 Delaware Avenue in Buffalo, NY, is ideally situated for businesses seeking a prominent location. Currently occupied, the space will be vacated upon sale or lease. The two-story building boasts seven large private offices, each easily accommodating multiple workstations, plus expansive built-in workspaces suitable for 14-26 individuals depending on configuration. A fully equipped conference room comfortably seats over 18 people, and ample support spaces include a kitchenette, printer room, IT room, and substantial storage closets. The property showcases stunning historic Art Deco features, including marble entry stairs, terrazzo floors, and exquisite plaster ceiling reliefs, complemented by high-end white oak trim, doors, and built-in cabinetry. Parking is readily available with 13 spaces dedicated to the upstairs office space, in addition to 8 spaces for ground floor tenants. Enjoy unparalleled convenience with quick access to major transportation arteries, including the 33 Expressway and 190 Interstate, as well as public transit via a nearby bus route and the Allen Street subway station. The minimum divisible space is 240 square feet, making it suitable for a variety of business needs. This is a rare opportunity to secure a prestigious office space in a prime Buffalo location. The zip code is 14202.

• CAP approach

  CAP return

  Valuation

  6%

  $2,810,671

  6.5%

  $2,594,466

  7%

  $2,409,147

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,482,316

  Geo Method

  $1,397,731

• Alternative Use

  Use

  Valuation

  Residential

  $3,217,138

  Hospitality

  $2,946,881

  Educational

  $2,451,770

  Medical

  $2,536,090

  Retail

  $3,813,865

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.896

Longitude

-78.8747

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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