Elmwood Medical Center 2949 Elmwood Ave 11,560 SF Vacant Office Building Buffalo, NY 14217 $750,000 ($64.88/SF)

INVESTMENT HIGHLIGHTS

  • Corner Lot
  • Up to 4800 sq ft available for owner user
  • Medical Professional Building

EXECUTIVE SUMMARY

Professional building historically medical open to all professional use. Units in multiples of 1100 sq ft, 5 units available, the owner can merge 4 units on the second floor for 4800 sq ft (including a central common area on that level). The building has an elevator. Tenants pay utilities (all electric utilities). The primary tenant is Immediate Care and Family Medicine on the 1st floor. Ideal for an owner user or investor. The owner is also working to lease space to fill current vacancies at $12 modified gross.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
11,560 SF
Building Class
B
Year Built
1980
Price
$750,000
Price Per SF
$64.88
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,400 SF
Building FAR
0.80
Lot Size
0.33 AC
Zoning
C-1 - Business District Zoning TND.
Parking
30 Spaces (3.41 Spaces per 1,000 SF Leased)

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 1
  • 1,100-2,200 SF
  • Office
  • -
  • Now

Four units on the second floor can be combined into one 4800 sq ft unit for an owner user or can be 4 separate 1100 sq ft units. Each unit has 3 exam rooms, a reception area, a waiting room, and a small kitchenette or lab area. Landlord will carpet and paint as tenant improvement improvements.

  • 1st Fl-Ste 5
  • 1,100 SF
  • Office
  • -
  • Now

1100 sq ft units. Each unit has 3 exam rooms, a reception area, a waiting room, and a small kitchenette or lab area. Landlord will carpet and paint as tenant improvement improvements.

  • 2nd Fl-Ste 1,2,3,4
  • 1,100-4,800 SF
  • Office
  • -
  • Now

Four units on the second floor can be combined into one 4800 sq ft (includes large central common area) unit for an owner user or can be 4 separate 1100 sq ft units. Each unit has 3 exam rooms, a reception area, a waiting room, and a small kitchenette or lab area. Landlord will carpet and paint as tenant improvement improvements.

Space Size Space Use Condition Available
1st Fl-Ste 1 1,100-2,200 SF Office - Now
1st Fl-Ste 5 1,100 SF Office - Now
2nd Fl-Ste 1,2,3,4 1,100-4,800 SF Office - Now

1st Fl-Ste 1

Size
1,100-2,200 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 5

Size
1,100 SF
Space Use
Office
Condition
-
Available
Now

2nd Fl-Ste 1,2,3,4

Size
1,100-4,800 SF
Space Use
Office
Condition
-
Available
Now

PROPERTY TAXES

  • Listing ID: 30388910

  • Date on Market: 12/16/2023

  • Last Updated:

  • Address: 2949 Elmwood Ave, Buffalo, NY 14217