Office for Sale in Buffalo, NY

  • Price: $2.5M
  • Listing type: For sale
  • Asset type: Office
  • Location: Buffalo, NY 14202
  • Size: 32,000 SF

Description

Located in the heart of the City of Buffalo's Central Business District, between West Mohawk and West Huron Streets. Three-story freestanding building with basement. Conversion to a charter school completed in 2007. Recent renovations completed in 2022 / 2023. Close to US, State, County and City offices and courthouses, Chippewa Entertainment District, Buffalo Convention Center, the Buffalo-Niagara Medical Campus, Canalside Entertainment District, Key Bank Center and Sahlen Field. Easy access to NYS Thruway I-190 & Route 33 Expressway. NFTA Bus & Metro Rail lines nearby. Proximate to many area amenities including restaurants, bars, banks, retail, theatre, hotels, and offices. Ideal for: charter school, educational facility, office conversion, residential redevelopment, mixed-use development.

Market Context

This office in Buffalo, NY is listed for sale at $2,500,000 across 32,000 SF ($78/SF). It has been on the market for 206 days. Compare it against other office listings for sale in Buffalo, NY — <a href="/search/sale/office/new-york/buffalo">view the full market</a>.

As of Q4 2023, the Buffalo office market showed a 3.7% vacancy rate, and average asking rents near $7.85/SF/yr. Source: Cushman & Wakefield Q4 2023 market report.

Tight vacancy keeps competition for quality space elevated.

Office market FAQ

Is the Buffalo office market tightening or softening?
Vacancy is around 3.7% (Q4 2023).

Unified Estimate

Medium Confidence

$31.03/SF – $41.98/SF

Mid: $36.50/SF

Total estimate for 32,000 SF: $1,168,000

Rate-first confidence-weighted blend with cost-of-business adjustment.

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