3871 Harlem RdBuffalo, NY 14215

Property Details for 3871 Harlem Rd

Year built

1969

Lot size

0.45 AC

Property size (Sq ft)

20,000 SF

Zone code

05C

Property type

Office buildings

APN

143089 80.17-4-1.2

APU

1430898017412

Description

This exceptional two-story, 20,000-square-foot freestanding office building, located at 3871 Harlem Road in Cheektowaga, NY, offers a prime opportunity for businesses seeking executive office space. Situated on a 0.45-acre lot, the building boasts excellent visibility and accessibility, with ample parking available. Built in 1969 and extensively renovated in 2020, the property features a convenient elevator servicing the second floor. Currently, two vacant spaces are available on the second floor, measuring approximately 900 and 1700 square feet. The minimum divisible space is 1,014 square feet, with a maximum contiguous space of 1,700 square feet

• CAP approach

  CAP return

  Valuation

  6%

  $3,628,034

  6.5%

  $3,348,955

  7%

  $3,109,744

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,913,397

  Geo Method

  $1,258,200

• Alternative Use

  Use

  Valuation

  Residential

  $4,152,704

  Hospitality

  $3,803,854

  Educational

  $3,164,762

  Medical

  $3,273,604

  Retail

  $4,922,964

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.949

Longitude

-78.7837

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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