716-817-2040
42 Delaware Ave, Buffalo, NY for Sale
Office - FOR SALE
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42 Delaware Ave
Buffalo, NY 14202
Downtown Buffalo


HIGHLIGHTS

  • Stabilized office asset with 85% occupancy
  • Anchored by Lipsitz Green Scime Cambria LLP, a prominent law firm
  • Investment opportunity with potential for strong cash on cash returns and asset appreciation
  • Designed in 1929 by architect Howard L. Beck as the Buffalo City Court building
  • Recent capital improvements include over $200,000 in a new boiler system and heat pumps, roof, windows, and updated elevator cabs and mechanicals
  • Located around nearby parking in the Downtown Historic District with executive, on-site, covered parking

OVERVIEW

42 Delaware Avenue is a prominent eight-story office building located in the heart of Downtown Buffalo's legal and governmental district. Originally constructed in 1929 as the Buffalo City Court, and encompassing approximately 63,248 gross square feet, the property occupies a highly visible corner location near Buffalo City Court, Erie County Family Court, the Erie County Courthouse, City Hall, and numerous federal, state, and local government offices. The building has long attracted law firms, professional service providers, and government-adjacent tenants due to its strategic location within Buffalo's central business district. The asset offers direct access to Interstate 190, proximity to Route 5/Skyway, walkability to Metro Rail stations, and convenient access to downtown amenities, restaurants, and public transportation. Under current ownership, the property underwent significant renovations and tenant improvements in 2020. Additional capital investments include over $200,000 in a new boiler system and the installation of multiple new heat pumps, other recent capital improvements include new roof, windows, and updated elevator cabs and mechanicals, enhancing the building's functionality and long-term efficiency. The property features professional office accommodations, eight underground executive parking spaces, on-site management, maintenance services, and an elevator bank. Situated within the historic Joseph Ellicott District, 42 Delaware Avenue offers investors the opportunity to acquire a well-located downtown office asset with an established presence in Buffalo's legal corridor and enduring appeal to professional office users seeking close proximity to the region's courts and government institutions. Contact Tim Malchow or Jack Hawkins for Offering Memorandum.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

8

BUILDING CLASS

B

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

N-1D

APN/PARCEL ID

140200-111-610-0001-001-100

ASK ABOUT THIS PROPERTY

Timothy MalchowNewmark CiminelliMore Info
716-817-2040

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Timothy MalchowNewmark CiminelliMore Info
716-817-2040

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