Property Overview:
10,440 sq. ft. office/retail building located in downtown Buffalo with picturesque views of Buffalo Lake. This is a great opportunity for an owner-user, or it could be purchased as an investment property with only two units remaining to lease! The building was renovated in 2004 and is in great condition. The property is conveniently located near other downtown businesses, restaurants, and coffee shops. There is a 2,613 USF office unit available on the upper level with corner suite views and a balcony facing Buffalo Lake, perfect for an owner-occupant. The suite has 5 private offices with high ceilings, a full kitchenette, a conference room, and a reception area. The last remaining unit is on the lower level. The seller would lease the lower-level unit back up to 1 year after closing.
Property Highlights:
-8.26% Cap Rate on Pro Forma Income!
-4 of 6 units leased! Seller willing to lease back one of the vacant units for up to a year.
-Ample off-street, city-maintained parking (44 off-street municipal stalls). Minimal snow removal responsibilities (only sidewalk behind building).
-Beautiful brick exterior, high ceilings, and great windows!
-Tenants and income in place!
-Opportunity for owner-user or an investor
-Easy access to other downtown retail, coffee shops, and restaurants
-HVAC: 2 furnaces (1) replaced in 2025, other replaced in 2004. 2 rooftop A/C units both installed in 2004
-Building renovated in 2004
-Each unit is separately metered for gas and electric
-Tenants reimburse landlord for utilities, and most tenants reimburse landlord for their pro rata share of property taxes
-B-5 Central Business District Zoning allows for most office and retail usesBest location in downtown Buffalo with scenic lake views!