374 Delaware AveBuffalo, NY 14202

Property Details for 374 Delaware Ave

Year built

1922

Lot size

0.42 AC

Property size (Sq ft)

30,150 SF

Zone code

N-1C

Property type

Office buildings

APN

140200 111.29-5-7.1

APU

14020011129571

Description

This prestigious Class C office building, located at 374 Delaware Ave in Erie County, offers multiple executive office suites for lease. Built in 1922, the building boasts a stunning Classical Revival façade, reflecting Buffalo's rich architectural heritage. The property totals 30,150 square feet and currently has 6,710 square feet of vacant space available. Individual suites range from a minimum of 450 square feet to a maximum contiguous space of 2,500 square feet, providing flexibility for various business needs. Eight suites are available in total. The building's history includes notable tenants such as the Huyler Company, a prominent chocolate maker, and Pitt Petri, a high-end import shop, underscoring its prime location on Delaware Avenue. Gross rent is $15.75 to $16.00 per square foot, inclusive of all costs. This presents a unique opportunity to establish a presence in a landmark building with a rich history and excellent visibility. The building's central location offers easy access to various amenities and transportation options. Inquire today to secure your ideal office space in this historic Buffalo landmark.

• CAP approach

  CAP return

  Valuation

  6%

  $5,469,328

  6.5%

  $5,048,610

  7%

  $4,687,995

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,884,460

  Geo Method

  $2,719,915

• Alternative Use

  Use

  Valuation

  Residential

  $6,260,276

  Hospitality

  $5,734,380

  Educational

  $4,770,936

  Medical

  $4,935,016

  Retail

  $7,421,456

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.8945

Longitude

-78.876

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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