1 Seneca StBuffalo, NY 14203

Property Details for 1 Seneca St

Year built

1972

Lot size

3.99 AC

Property size (Sq ft)

896,000 SF

Zone code

N-1D

Property type

Office buildings

APN

140200 111.17-6-4

APU

1402001111764

Description

This exceptional Class A office space, located at 1 Seneca St in Buffalo, NY, offers a unique opportunity for businesses seeking a prestigious address in the heart of the city's revitalized downtown. The property, a 38-story building constructed in 1972 and renovated in 1998, boasts 18,600 square feet across two available floors (25 & 26). These move-in ready suites feature 12-foot ceilings, high-quality kitchens, private bathrooms, and direct elevator access. The sublease, extending until July 31, 2026, offers flexible options, accommodating tenants seeking either entire floors (approximately 9,300 sq ft each) or subdivided sections. One floor is Start-Up NY tax incentive certified. The building offers unparalleled amenities, including a fitness center, pet daycare, brewery, coffee roastery, and a 250-seat auditorium. Enclosed parking is available in an adjacent ramp for $75 per space. The building's prime location, adjacent to Canalside, KeyBank Center, and the Cobblestone District, provides easy access to public transportation (NFTA Metro Rail) and offers breathtaking panoramic views of Western New York. With 24/7 security and a badging system, the space provides exceptional privacy and security. The building's strategic location places tenants near M&T Bank's technology campus, AML RightSource, Highmark, and 43North startups, fostering collaboration and networking opportunities. This is a rare chance to secure prime office space in a thriving, dynamic urban environment. The lease rate is $10-$12 per square foot. The building's M-1D zoning allows for a variety of commercial uses. The property includes 3.99 acres of land.

• CAP approach

  CAP return

  Valuation

  6%

  $191,167,360

  6.5%

  $176,462,176

  7%

  $163,857,744

• Comparable approach

  Method

  Valuation

  Relative Method

  $91,514,872

  Geo Method

  $80,856,720

• Alternative Use

  Use

  Valuation

  Residential

  $218,813,104

  Hospitality

  $200,431,632

  Educational

  $166,756,752

  Medical

  $172,491,776

  Retail

  $259,399,408

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.8803

Longitude

-78.877

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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