251 John James Audubon PkwyBuffalo, NY 14228

Property Details for 251 John James Audubon Pkwy

Year built

1981

Lot size

3.67 AC

Property size (Sq ft)

26,256 SF

Property type

Office buildings

APN

142289 41.03-1-76.1

APU

14228941031761

Description

This exceptional 26,256-square-foot creative office building, located at 251 John James Audubon Parkway in Buffalo, New York, presents a unique ownership opportunity. Built in 1981 and renovated in 1994, this single-story Class B building sits on a 3.67-acre lot and offers ample space for a variety of uses, including research and development, technology firms, sales organizations, or back-office operations. The property boasts an existing server room, catering to technology-focused businesses. With a 7:1000 parking ratio, convenient parking is ensured for employees and visitors. The building is zoned OB and is conveniently located near SUNY at Buffalo in Amherst, NY. The asking price is $2,850,000, translating to $108.55 per square foot. The potential for expansion exists, with the possibility of adding an additional 9,000 square feet. This is a rare opportunity to acquire a substantial office building in a desirable location, offering both immediate occupancy and significant growth potential. The property is privately owned.

• CAP approach

  CAP return

  Valuation

  6%

  $4,762,864

  6.5%

  $4,396,490

  7%

  $4,082,455

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,511,904

  Geo Method

  $1,651,765

• Alternative Use

  Use

  Valuation

  Residential

  $5,451,648

  Hospitality

  $4,993,680

  Educational

  $4,154,683

  Medical

  $4,297,569

  Retail

  $6,462,840

Location Insight

City

Amherst

County

Erie

State

New York

Latitude

43.0134

Longitude

-78.7817

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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