5684 Main StBuffalo, NY 14221

Property Details for 5684 Main St

Year built

1925

Lot size

0.27 AC

Property size (Sq ft)

2,338 SF

Zone code

MU

Property type

Office buildings

APN

142201 69.17-3-41

APU

1422016917341

Description

This exceptional offering presents a rare opportunity to lease fully renovated creative office space in the highly desirable Williamsville, NY area. Located on the north side of Main Street, between Mill and North Ellicott Streets, this property boasts a prime location just one mile east of the I-290/Main Street exit, nestled within a beautiful and affluent neighborhood. The property consists of two buildings totaling 4,931 square feet, currently available in its entirety. Each building can be leased separately, offering flexibility for various business needs. The southern building, a converted residence, offers 2,906 square feet of space, fully air-conditioned and remodeled for modern office use or even residential purposes. The lease for the current tenant in this building expires on December 31, 2022, and will not be renewed. The northern building offers an additional 2,025 square feet of space. Both buildings benefit from the property's Mixed Use Zoning, which encourages both residential and commercial uses. On-site paved parking accommodates 13 vehicles. Built in 1925 and extensively renovated in 2019, this Class B property offers a unique blend of historic charm and modern amenities. The minimum leasable space is 2,025 square feet, with a maximum contiguous space of 2,906 square feet. This property is ideal for businesses seeking a combination of convenient location, ample space, and attractive aesthetics.

• CAP approach

  CAP return

  Valuation

  6%

  $424,115

  6.5%

  $391,491

  7%

  $363,527

• Comparable approach

  Method

  Valuation

  Relative Method

  $223,676

  Geo Method

  $147,084

• Alternative Use

  Use

  Valuation

  Residential

  $485,449

  Hospitality

  $444,668

  Educational

  $369,959

  Medical

  $382,682

  Retail

  $575,492

Location Insight

City

Williamsville

County

Erie

State

New York

Latitude

42.9639

Longitude

-78.7412

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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