6 Pearl StBuffalo, NY 14202

Property Details for 6 Pearl St

Year built

1870

Lot size

0.29 AC

Property size (Sq ft)

5,674 SF

Zone code

N-2R

Property type

Office buildings

APN

140200 111.22-6-1

APU

1402001112261

Description

This stunning, vacant, two-story office building, located at 6 North Pearl Street in Buffalo, NY's historic Allentown district, presents a unique investment opportunity. Boasting 6,931 square feet, the property is priced at $849,000, or $122.49 per square foot. The building features two 2,500 square foot spaces, ideally suited for attorney or professional office users, each complete with built-in kitchenettes, fireplaces, and conference rooms. Ample on-site parking is a significant advantage. Its prime location offers easy access to the Buffalo Central Business District (CBD), the Buffalo Niagara Medical Campus, and the Elmwood Village, with convenient access to the NYS Thruway I-190 and Route 33 Expressway. Surrounded by a wealth of amenities including shopping, restaurants, banks, and service businesses, this property enjoys a highly desirable location. The building's historic character and flexible layout also present the possibility of conversion to residential use, expanding its potential appeal. This Class B office building represents a compelling investment opportunity in a thriving urban neighborhood. The property is currently vacant, allowing for immediate occupancy and customization to suit a new owner's needs. Don't miss this chance to acquire a substantial property in a highly sought-after area of Buffalo.

• CAP approach

  CAP return

  Valuation

  6%

  $1,029,285

  6.5%

  $950,109

  7%

  $882,244

• Comparable approach

  Method

  Valuation

  Relative Method

  $542,833

  Geo Method

  $511,843

• Alternative Use

  Use

  Valuation

  Residential

  $1,178,136

  Hospitality

  $1,079,166

  Educational

  $897,853

  Medical

  $928,732

  Retail

  $1,396,661

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.8972

Longitude

-78.8722

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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