2084 Sheridan DrBuffalo, NY 14223

Property Details for 2084 Sheridan Dr

Year built

1985

Lot size

0.38 AC

Property size (Sq ft)

4,500 SF

Zone code

C

Property type

Office buildings

APN

146489 66.33-2-33.11

APU

146489663323311

Description

This exceptional 6,750 square foot office building in Buffalo, NY, presents a lucrative investment opportunity. Strategically located on Sheridan Drive, this property enjoys high visibility and easy access, boasting 24 dedicated parking spaces for ample client and staff convenience. The building comprises three versatile units, two currently occupied by established dental practices, guaranteeing a consistent stream of foot traffic and a built-in professional network. One unit is immediately available for lease, providing flexibility for expansion or new ventures. The property sits on a 0.38-acre lot, offering significant curb appeal and visibility. A substantial basement area provides ample storage space and presents additional income potential through separate lease opportunities. This property is ideal for medical or professional businesses seeking a prime location with existing tenant occupancy and significant parking. The asking price is $800,000. This combination of location, existing tenants, and potential for additional income makes this a truly exceptional investment opportunity in a thriving Buffalo neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $960,104

  6.5%

  $886,250

  7%

  $822,946

• Comparable approach

  Method

  Valuation

  Relative Method

  $459,617

  Geo Method

  $283,095

• Alternative Use

  Use

  Valuation

  Residential

  $1,098,950

  Hospitality

  $1,006,632

  Educational

  $837,506

  Medical

  $866,309

  Retail

  $1,302,787

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.9813

Longitude

-78.8569

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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