903 Ellicott StBuffalo, NY 14209

  • Commercial land
  • 3.43 AC
For Sale

Property Details for 903 Ellicott St

Lot size
3.43 AC
Zone code
D-R
Property type
Commercial land
APN
140200 100.71-3-1.12
APU
140200100713112

Description

This exceptional 4.91-acre development site presents a unique opportunity in Buffalo, NY's vibrant downtown core. Situated along Ellicott and North Streets, this property boasts approximately 418 feet of frontage on Ellicott Street and 407 feet on North Street, offering unparalleled visibility and accessibility. Its strategic location within the Buffalo Niagara Medical Campus (BNMC) area provides proximity to world-class healthcare, research, and educational institutions, creating a strong foundation for a mixed-use development. The site's potential uses are diverse, encompassing commercial, medical, retail, hospitality, and multi-family options, allowing for the creation of a dynamic and thriving city block. Further enhancing its appeal, this property is potentially eligible under the New York State Brownfield Cleanup Program and is located within a Qualified Opportunity Zone, offering significant financial incentives. An overlay zoning effort is underway to further unlock redevelopment potential. Convenient access to public transportation, including the Buffalo Metro Rail and bus stops, adds to its desirability. The surrounding area offers a blend of modern amenities and historic charm, including spacious parks, iconic architecture, and professional sports venues, all within a cost-effective and convenient urban setting. This is a rare chance to build a landmark project in a rapidly growing and desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $31,023,308
    Hospitality
    $28,417,184
    Educational
    $23,642,764
    Medical
    $24,455,874
    Retail
    $36,777,632
903 Ellicott St, Buffalo, New York

Location Insight

City
Buffalo
County
Erie
State
New York
Latitude
42.9028
Longitude
-78.8656
CBSA code
15380
CBSA name
BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,647
$2,241,200
-
$2,241,200
-
$3,201,714
-
$3,201,714

FAQs

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