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Downtown Buffalo Income-Producing Parking Lots

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.

Type:Land

Lot size:

0.63 Acres

We can help!

Contact an agent

Edmund J Golach

Real Estate License ID: 30GO0514247

HighLights

Income‑producing parking lots with existing lease in place.
Potential for future development.
Centrally located in Downtown Buffalo.
Walking distance to Theater District, hotels, restaurants, nightlife, and government buildings.
Corner lot with frontage on Franklin and W Huron.
Multiple lot frontages on W Huron and Bean Alley.

For Sale

$2,699,000

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

Type:Land

Lot size:

0.63 Acres

Added:: Apr 10, 2025
Days on Market:: 454
Last Refresh:: Jun 28 at 11:01 pm

Property Features for 196 Franklin St

General Information

Standard status: Active
Lot size: 0.63 Acres
Property subtype: Land

We can help!

Contact an agent

Edmund J Golach

Listing office HUNT Commercial Real Estate Corp. of Buffalo New York

Listing date Apr 10, 2025

Source Exprealty

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

All listing content including descriptions, pricing, images are the copyrighted material of HUNT Commercial Real Estate Corp. of Buffalo New York

HighLights

Income‑producing parking lots with existing lease in place.
Potential for future development.
Centrally located in Downtown Buffalo.
Walking distance to Theater District, hotels, restaurants, nightlife, and government buildings.
Corner lot with frontage on Franklin and W Huron.
Multiple lot frontages on W Huron and Bean Alley.

Overview

This property presents an opportunity to acquire income-producing parking lots with an existing lease, offering potential for future development. Centrally located in downtown Buffalo, the lots are within walking distance of the Theater District, hotels, restaurants, nightlife, and government buildings. The investment offers the potential for future dividends while generating capital from the existing lease agreement. The corner lot has frontage on Franklin Street and West Huron Street. A second lot has frontage on West Huron Street and Bean Alley, and a third lot has frontage on Bean Alley. The property is suitable for parking and possible development.

Property Profile Location Intelligence

Current Use by Public Records

Pay2Park Lot #28 Parking Lot & Garage Lot 28a Parking Lot & Garage

Suggested Use

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Location Insight

Map
Local Demand

City: Buffalo
County: Erie
State: New York
Longitude: -78.8293
Latitude: 42.8204

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For sale
Parking lots & garages
NY
Buffalo
14202
196 Franklin St

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 in place.; Potential for future development.; Centrally located in Downtown Buffalo.