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    2321-2331 Main St Buffalo, NY 14214

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    For Sale
    $1,300,000

    Fully occupied mixed-use building with six apartments and storefronts.

    Property size:
    11,567 SF

    Property Features for 2321-2331 Main St

    General Information

    Size
    11,567 SF

    Building Details

    Year built
    1900

    Source: Brian Donovan Agent Brian Donovan

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

    Overview

    Mixed-Use Building on Main Street

    This fully occupied mixed-use building is located on Main Street in Buffalo. The property includes six apartments, six storefronts, and a garage space. Recent upgrades include refreshed apartments with new paint and flooring, ensuring excellent overall condition. HVAC equipment is in running order with regular maintenance. The roof was re-silvered in 2022. Situated at the corner of Main St. and East Oakwood Pl, the location benefits from high traffic volume, with over 23,500 AADT. Main Street serves as a major traffic corridor, connecting the Amherst and Williamsville neighborhoods to downtown Buffalo. The property is located less than half a mile from the campuses of Medaille College and Canisius College, with easy access from NY-198. Nearby major employers include Sisters of Charity Hospital, Erie County Medical Center, and National Grid. Notable landmarks in the vicinity include the Buffalo Zoo, Delaware Park, and Frank Lloyd Wright's Darwin Martin House Complex. The property offers upside potential with multiple below-market leases and a 6.91% cap rate. The property size is 11,567 square feet.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8459732
    Latitude
    42.932416

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    FAQs

    What type of property is this?
    Mixed-use property - Fully occupied mixed-use building with six apartments and storefronts.
    Where is this mixed-use property located?
    The property is located at 2321-2331 Main St Buffalo, NY.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Fully leased mixed-use building with a **6.91% cap rate**, offering immediate income.; - Upside potential with multiple below-market leases.; - **High traffic location on Main Street (23,500+ AADT)** near major employers and colleges.
    (716) 998-2943
    Request Owner's contact information
    2321-2331 Main St Buffalo, NY 14214
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    Buffalo, NY 14214
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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
    2321-2331 Main St Buffalo, NY 14214
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