440 Niagara Falls BlvdBuffalo, NY 14223

Property Details for 440 Niagara Falls Blvd

Year built

1960

Lot size

0.31 AC

Property size (Sq ft)

4,610 SF

Zone code

TND

Property type

Investment properties

Property subtype

Retail residential properties

APN

146489 67.79-2-7.1

APU

1464896779271

Description

This exceptional 4,610 square foot executive office space is ideally situated on busy Niagara Falls Boulevard in Buffalo, New York, zip code 14223. Built in 1960 and recently updated, this property offers a clean and modern workspace, perfect for a variety of businesses. The space boasts 10-foot ceilings, providing a spacious and airy feel. Previously configured as a personal training studio (1500 sq ft) and a dance studio with private offices, this versatile layout offers ample opportunity for customization to suit individual needs. On-site parking is available for convenience, along with the added benefit of an on-site garage. The asking price for this prime commercial property is $525,000. Its location on Niagara Falls Boulevard ensures high visibility and accessibility, making it an attractive investment opportunity in a thriving area of Buffalo. The property is classified as both Retail and Office, offering flexibility for various business types. This is a rare opportunity to acquire a well-maintained, updated commercial space in a high-traffic location. The property's history as a fitness and dance studio suggests its suitability for businesses requiring open space and private offices. The on-site parking and garage are significant advantages in a busy urban setting.

• CAP approach

  CAP return

  Valuation

  6%

  $1,036,968

  6.5%

  $957,201

  7%

  $888,829

• Comparable approach

  Method

  Valuation

  Relative Method

  $683,610

  Geo Method

  $449,523

• Alternative Use

  Use

  Valuation

  Residential

  $957,201

  Hospitality

  $876,791

  Educational

  $729,480

  Medical

  $754,568

  Retail

  $1,134,746

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.966

Longitude

-78.8239

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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