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    196 Franklin St Buffalo, NY 14202

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    For Sale
    $2,699,000

    Income-producing parking lots in downtown Buffalo with development potential.

    Lot size:
    0.63 Acres

    Property Features for 196 Franklin St

    General Information

    Lot size
    0.63 Acres

    Source: Edmund Golach Agent Edmund Golach

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Buffalo Parking Lots ForSale

    This property features income-producing parking lots with an existing lease, presenting a potential development opportunity. Centrally located in downtown Buffalo, it is within walking distance of the Theater District, hotels, restaurants, nightlife, and government buildings. The investment offers the possibility of future dividends while generating capital from the existing lease agreement. The corner lot has frontage on Franklin Street and W Huron, while a second lot has frontage on W Huron and Bean Alley. A third lot has frontage on Bean Alley. The location is on Franklin Street near W Huron.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pay2Park Lot #28 Parking Lot Lot 28a Parking Lot

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Highland Lease Corporation, Dollar Car Rental - Buffalo Downtown Dollar DLE, Penske Truck Rental, Hertz Car Rental - Buffalo Downtown HLE, Hertz Truck Rental - Buffalo Pearl Truck & Van

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8293395
    Latitude
    42.8203563

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    FAQs

    What type of property is this?
    Parking lot & garage - Income-producing parking lots in downtown Buffalo with development potential.
    Where is this parking lot & garage located?
    The property is located at 196 Franklin St Buffalo, NY.
    What is the asking price?
    The asking price for this property is $2,699,000.
    What are key features of this property?
    This property features: - Income-producing parking lots with existing lease agreement.; - Prime downtown Buffalo location within walking distance to key attractions.; - Development potential.
    (716) 903-7851
    Request Owner's contact information
    196 Franklin St Buffalo, NY 14202
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    Buffalo, NY 14202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    196 Franklin St Buffalo, NY 14202
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