505 Delaware AVE Buffalo, NY 14202
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 19,052 sqft
Price per Sqft $78
MLS Listing ID R1664249
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $22,350
Lot Size 0.266 Acres
Acres 0.2659
Lot Dimensions 75X154
Property Sub-Type Office
Property Description
Rare opportunity to acquire a premier mixed-use investment and development site in the heart of Buffalo's highly desirable Allentown District. This combined offering includes a fully operational 15,704 SF three-story office building at 505 Delaware Ave along with an approved mixed-use development site at 515 Delaware Ave.
505 Delaware Ave features 34 on-site parking spaces and generates income with upside potential. The building is well positioned for continued office use, repositioning, or integration into future redevelopment plans.
515 Delaware Ave includes approved plans for a 5-story, 9,758 GSF mixed-use building consisting of 40 market-rate apartments, providing immediate value-add and long-term development potential without the uncertainty of entitlement risk.
Situated on approximately 0.52 acres, the property is strategically located between Allen Street and Virginia Street, just a short walk to Buffalo General Medical Center, Roswell Park, the Theater District, and the Buffalo Niagara Medical Campus. The surrounding area is home to law firms, medical practices, boutique retail, restaurants, and national retailers including Tim Hortons and Walgreens, making this an exceptional live-work-play corridor.
This offering presents a unique opportunity to:
• Acquire an income-producing asset with redevelopment upside
• Develop a 40-unit market-rate apartment building in a high-demand urban core
• Control a significant footprint along one of Buffalo's most established commercial corridors
Ideal for investors, developers, or owner-users seeking scale in one of Buffalo's strongest mixed-use neighborhoods.
Location
State NY
County Erie
Area Buffalo City-140200
Zoning N-2C
Direction Delaware Ave and Allen st
Interior
Heating Gas, Forced Air
Flooring Carpet, Other, See Remarks
Inclusions Building Only
Fireplace No
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt,Flat,Membrane,Rubber
Handicap Access Stair Lift, See Remarks
Total Parking Spaces 34
Building
Lot Description Rectangular, Rectangular Lot
Story 3
Sewer Public Sewer
Water Public
Construction Status Existing
Schools
School District Buffalo
Others
Tax ID 140200-100-780-0002-007-120
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Nearby School & Business
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