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11666647
17249938

427 Delaware Ave, Buffalo, NY 14202

MH
NY NY 10491208216
Schneider Real Estate Services
Listed by Schneider Real Estate Services
$1,750,000
1111 days on market
Updated 0 days ago

427 Delaware Ave

Details
Property Type Mixed Use
Sub Type Office, Retai
Square Footage 15,494
Net Rentable (SqFt) 15,494
Units 5
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Price per SqFt $113
Broker Co-Op Yes
Class A
Year Built 1931
Year Renovated 2003
Buildings 1
Stories 2
Lot Size (SqFt) 18,000
Zoning N2c
Parking Spaces 21 spaces
Parking per 1,000 SqFt 1.36
Investment Type Owner/User
Ground Lease Yes

6,500 SF Class A Office Space on 2nd floor + 4 fully leased ground floor storefronts + parking lot

Marketing description

PRICE REDUCED! Rare opportunity to own a signature building on prestigious Delaware Avenue.

Seller occupies 2nd floor office space, but is downsizing. Perfect opportunity for a professional services firm looking for the benefits of property ownership. Fully leased ground floor generates $135k in additional annual income, with all tenants on long-term leases with annual escalations.

The property is ideally situated adjacent to the Central Business District and the Buffalo Niagara Medical Campus. It is located in the heart of the City, with a large parking lot that provides easy stress-free access.

PLEASE SEE ATTACHED BROCHURE WITH ADDITIONAL INFORMATION.

• 6,500 SF Class A Office Space on 2nd floor.

– Currently occupied by owner – will be vacated upon sale.

– 7 Large private offices overlooking Delaware Avenue. Each office can comfortably accommodate a few desks/workstations if desired.

– Large built-in work-stations can accommodate 14-26 people (based on user preference).

– Conference room. AV equipped, comfortably seats 18+.

– Kitchenette, printer room, IT room, and large storage closets.

– Loaded with historic art deco details, including marble entry stairs, terrazzo floors, and plaster ceiling reliefs. High-end white oak trim package, doors, and built-in casework throughout.

– Large windows and interior skylights provide fantastic natural light throughout.

• 4 ground floor commercial tenants.

– Storefronts were recently remodeled. Long-term leases in place.

– Tenants include Smith + Co. Salon, Allentown Association, Golf Club of Buffalo, and MJ Peterson Corp.

– All spaces sub metered – tenants pay their own utilities.

• Parking lot w/ 21 spaces.

– 8 dedicated to ground floor tenants, 13 for upstairs office space.

• Quick, easy access to anywhere in the region.

– Blocks from the 33 Expressway and the 190 Interstate.

– Located along a major bus route and a few blocks from the Allen St. subway station.

• Long-time property management company can remain in place if purchaser desires.

Listing Contacts

MH
NY NY 10491208216
Schneider Real Estate Services
Listed by Schneider Real Estate Services

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Additional Information

Name
Matt Hartrich
License
NY 10491208216
Brokerage
Schneider Real Estate Services
Brokerage Phone
716-983-4789
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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