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2430 Bowen Rd

7,720 SF 100% Leased Office Building Elma, NY 14059 $1,875,000 ($243/SF) 3.52% Cap Rate

Office Space New York Elma 2430 Bowen Rd, Elma, NY 14059

Investment Highlights

  • very profitable in a high demand area

Executive Summary

Location, Location!! This property is a CASH COW in a growing suburb of Buffalo,NY. Tenants have been long term who love the building environment and convenient location with access to a bus route , walking distance to restaurants, bank and essential businesses. An easy 20 minute drive to Buffalo,NY and a 5 minute drive south to the quaint town of East Aurora. This 7300 sq ft commercial / residential building ( mixed use ) located in the heart of Elma Center which sits on 1.25 acres. There are 4 office spaces on the first floor and 3 apartments on the second floor. All spaces have been renovated and updated. There is a 2 car garage which occupies a portion of the first floor. The septic system has a new filter bed. The roof was redone in 2005 and I was told by the roofer that it has a 40 yr lifespan.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
7,720 SF
Building Class
C
Year Built
1980
Price
$1,875,000
Price Per SF
$243
Cap Rate
3.52%
NOI
$66,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,860 SF
Building FAR
0.14
Lot Size
1.23 AC
Zoning
COMM - Stores & Residential
Parking
20 Spaces (2.59 Spaces per 1,000 SF Leased)

Amenities

  • Smoke Detector

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Bruce Reed
  • -
  • 99,999 SF
  • $9.99
  • -
  • Jan 0000
  • Caren Bell
  • Health Care and Social Assistance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • -
  • Ceier Chiropractic
  • Health Care and Social Assistance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • -
  • Custom Builders
  • Construction
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • -
  • Diane Merrick
  • -
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • -
  • Kathy Fowler
  • -
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • -
  • Sharon Ellis
  • Health Care and Social Assistance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Bruce Reed - 99,999 SF $9.99 - Jan 0000
Caren Bell Health Care and Social Assistance 99,999 SF $9.99 Lorem Ipsum -
Ceier Chiropractic Health Care and Social Assistance 99,999 SF $9.99 Lorem Ipsum -
Custom Builders Construction 99,999 SF $9.99 Lorem Ipsum -
Diane Merrick - 99,999 SF $9.99 Lorem Ipsum -
Kathy Fowler - 99,999 SF $9.99 Lorem Ipsum -
Sharon Ellis Health Care and Social Assistance 99,999 SF $9.99 Lorem Ipsum -
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PROPERTY TAXES

Parcel Number 144200-137-030-0005-018-000 Total Assessment $18,100
Land Assessment $2,500 Annual Taxes ($1) ($0.00/SF)
Improvements Assessment $15,600 Tax Year 2023

PROPERTY TAXES

Parcel Number
144200-137-030-0005-018-000
Land Assessment
$2,500
Improvements Assessment
$15,600
Total Assessment
$18,100
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
(716) 860-7732

Contact

  • Cynthia Ceier
    Cynthia Ceier
  • Ceier Chiropractic

  • Listing ID: 31490208

  • Date on Market: 4/12/2024

  • Last Updated:

  • Address: 2430 Bowen Rd, Elma, NY 14059

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2430 Bowen Rd
(716) 860-7732 x

2430 Bowen Rd

Cynthia Ceier

(716) 860-7732

(716) 860-7732

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