Mixed-Use Building

2321-2331 Main Street, Buffalo, NY

$1,300,000

Price

11,567 sqft

Building Size

0.11 acres

Lot Area

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Street
Map
Overview
Building Size
11,567 sqft
Lot Area
0.11 acres
Occupancy
100%
Year Built
1900
Floors
2
Parking Spots
8
Description

Great Investment Opportunity to own a fully occupied mixed-use building on Main Street in the City of Buffalo. The property consists of six apartments, six Storefronts, and a garage space and has had many upgrades over the last few years. The apartments were recently refreshed with new paint and flooring and are in excellent overall condition. HVAC equipment is in running order with regular maintenance, and the roof was re-silvered in 2022.

This available space is located at the corner of Main St. and East Oakwood Pl. Main Street is a major traffic corridor, connecting the Amherst and Williamsville neighborhoods to downtown Buffalo. Less than half a mile from the campuses of Medialle College and Canisius College, this site is easily accessed from NY-198. Major employers in the area include Sisters of Charity Hospital (.25 miles), Erie County Medical Center (1 mile), and National Grid (.25 miles). Notable landmarks close by include the Buffalo Zoo, Delaware Park, and Frank Lloyd Wright's Darwin Martin House Complex.

Highlights
  • Fully Leased
  • 6.91 Cap Rate
  • Upside with multiple below-market leases
  • 23,500+ AADT
  • Close to multiple college campuses
  • Easy access from NY-198
Documents
Location
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