225 Delaware Ave - Storefront Retail/Office FOR SALE


Buffalo, NY 14202- Downtown Buffalo
$2,650,000 USD
716-675-1500
225 Delaware Ave, Buffalo, NY for Sale
$2,650,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 9% Cap Rate

225 Delaware Ave
Buffalo, NY 14202
Downtown Buffalo


OVERVIEW

The subject property consists of a two-story, masonry, mixed-use retail/office building with a full basement. The property was constructed in 1937 and contains approximately 8,616 +/- square feet of retail space on the first floor and contains approximately 7,680 +/- square feet of finished office space on the second floor for a total of approximately 16,296 +/- square feet of gross building area. The first floor consists of (3) retail tenants. Spot Coffee, Jim ‘s Steak Out and The Vintage Room. The second floor consists of a common hallway, several individual offices, and (2) common non-handicap accessible lavatories. The second-floor stairways and common area contain the original terrazzo flooring and altrium/skylights. The individual offices are small and vary in size and (3) of the tenants occupy (2) or more suites. Spot Coffee occupies an office suite consisting of (5) spaces and has the prime corner view. Currently the second floor is configured for (6) tenants including the landlord. The second-floor offices and common area are in overall average condition. The subject property also contains a leased billboard sign which is affixed to the roof and is leased to Lamar Advertising.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$163 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Global Telecom Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.94 AC

LAND SF

84,672 SF

ZONING

Commercial

APN/PARCEL ID

140200-111-370-0004-001-000

ASK ABOUT THIS PROPERTY

Russell J. Gullo, CCIMR. J. GULLO COMPANIESMore Info
716-675-1500

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Russell J. Gullo, CCIMR. J. GULLO COMPANIESMore Info
716-675-1500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.