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    391 Washington St Buffalo, NY 14203

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    For Lease
    $13,012 /Mo ($16 SF/Yr)

    Prime restaurant and banquet space in historic downtown Buffalo location.

    Property size:
    9,759 SF
    Lot size:
    0.86 Acres

    Property Features for 391 Washington St

    General Information

    Size
    9,759 SF
    Lot size
    0.86 Acres

    Source: 716 Realty Group WNY Agent Gregory Straus

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

    Overview

    Historic Restaurant and Banquet Space

    This partially built restaurant and banquet space is available for immediate occupancy on the ground floor of the historic Hotel at the Lafayette, a mixed-use hospitality and residential building in Downtown Buffalo. The restaurant features an expansive bar, mostly open floor plan, banquet space, and ornate details, making it suitable for dining and events. Housed within a landmark early 20th-century building designed by architect Louise Blanchard Bethune, the restaurant showcases French-Renaissance architecture, including high arched ceilings and large windows that provide natural light. Located at 391 Washington Street, the property is situated in the heart of Downtown Buffalo, surrounded by government buildings, businesses, and popular venues such as the First Niagara Center and the Buffalo Niagara Convention Center. The location benefits from over 21,200 residents living within a mile radius. The property size is 9759 square feet. This location is suitable for a restaurant.
    Location Intelligence

    Current Use by Public Records

    The Bagel Jar @ Public ... Bagel Shop Loung Construction Inc Contractor Hotel at the Lafayette Trademark ... Hotel Boutique Bridal Party Association Or Organization made by anatomy Bridal Shop

    Suggested Use

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

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

    Similar Places Nearby

    Sylver’s Place, Brothers Restaurant and Bar, Dinosaur Bar-B-Que, Chris' NY Sandwich Co

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8729067
    Latitude
    42.8848815

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    FAQs

    What type of property is this?
    Restaurant - Prime restaurant and banquet space in historic downtown Buffalo location.
    Where is this restaurant located?
    The property is located at 391 Washington St Buffalo, NY.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Buffalo location with high foot traffic and over 21,200 residents within a mile.; - Partially built restaurant and banquet space ready for immediate occupancy.; - Located in the historic Hotel at the Lafayette, a landmark building.
    (716) 266-6691
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    391 Washington St Buffalo, NY 14203
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    Buffalo, NY 14203
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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
    391 Washington St Buffalo, NY 14203
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