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505 Delaware Ave
Buffalo, NY 14202
Office Property For Sale
Investment Highlights
- Approved Mixed Use Development Site
- Within Walking Distance of Buffalo General Hospital, a 526-bed acute care teaching hospital
- Leased Office Space for Cashflow
Executive Summary
505-515 Delaware is an Office Space investment opportunity with upside as a mixed-use development.
The available property is 505 Delaware currently a 3-story 15,704 SF o?ce property with 34 car parks. In addition to the sale of 505 Delaware, the sale includes an approved development project for 515 Delaware Ave, which is a 5-story 9,758 GSF mixed- use building consisting of 40 market rate apartments.
These two properties are located on Delaware Ave in the Allentown District, between Allen Street and Virginia Street. This site is a 5 minute walk from the Bu?alo General Medical Center and Bu?alo's historic Theater District. The surrounding o?ce spaces are home to many lawyers, accountants, and medical practitioners, with several local restaurants as well. National retailers include Tim Hortons, Walgreens, Residence Inn, and Lenox Hotel.
The available property is 505 Delaware currently a 3-story 15,704 SF o?ce property with 34 car parks. In addition to the sale of 505 Delaware, the sale includes an approved development project for 515 Delaware Ave, which is a 5-story 9,758 GSF mixed- use building consisting of 40 market rate apartments.
These two properties are located on Delaware Ave in the Allentown District, between Allen Street and Virginia Street. This site is a 5 minute walk from the Bu?alo General Medical Center and Bu?alo's historic Theater District. The surrounding o?ce spaces are home to many lawyers, accountants, and medical practitioners, with several local restaurants as well. National retailers include Tim Hortons, Walgreens, Residence Inn, and Lenox Hotel.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
15,704 SF
Building Class
B
Year Built
1900
Price
$2,085,405 CAD
Price Per SF
$132.79 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,235 SF
Building FAR
1.34
Lot Size
0.27 AC
Zoning
N-2C - The N-2C zone addresses mixed-use, walkable centers of Buffalo's most compact neighborhoods,
Parking
30 Spaces (1.91 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 140200-100-780-0002-007-120 | Improvements Assessment | $1,838,300 CAD |
| Land Assessment | $295,495 CAD | Total Assessment | $2,133,795 CAD |
Property Taxes
Parcel Number
140200-100-780-0002-007-120
Land Assessment
$295,495 CAD
Improvements Assessment
$1,838,300 CAD
Total Assessment
$2,133,795 CAD
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