Mixed-Use Light Manufacturing
3208 Main St Buffalo, NY 14214
For Sale
Contact for pricing
Historic building combines first-floor retail, second-floor apartments and offices, and a small light manufacturing operation.
Property Size19,000 SF
Price / SF$131.58
Days on Market799
Property Features for 3208 Main St
General Information
Standard status
Active
Size
19,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
Hunt Commercial - Buffalo
(716) 481-3325
Listed By:
Alan Hastings · License #10311203496
(716) 481-3325
Source:
Moodyscre
Added: May 22, 2024
Changed: Jul 25
Last Checked: Jul 28 at 2:03PM
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 - Buffalo
Investment Insights
Based on property information with market context.
This historic mixed-use property is for sale and includes a small light manufacturing and wholesale food operation within a multi-use building. The first floor is set up for retail, with second-floor apartments and offices, and the building includes parking. The manufacturing facility and the income-producing space are described as being in excellent condition.
The property is located in north Buffalo at 3208 Main St, in the University of Buffalo district. The remarks indicate the business has well-established operations and regional name recognition, along with multiple Western New York retail outlets. The retiring owner will train a new operator to support a transition.
Total building area is listed as 19,000 square feet and is described as a combination of factory space and income-producing components included in the sale.
The property is located in north Buffalo at 3208 Main St, in the University of Buffalo district. The remarks indicate the business has well-established operations and regional name recognition, along with multiple Western New York retail outlets. The retiring owner will train a new operator to support a transition.
Total building area is listed as 19,000 square feet and is described as a combination of factory space and income-producing components included in the sale.
Key Highlights
- 19,000 sq ft historic, income‑producing mixed‑use building included in the sale
- Building features first‑floor retail, second‑floor apartments and offices, plus a small light manufacturing facility
- Includes a well‑established 95‑year‑old wholesale food business with 4 WNY retail outlets
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $296.4k | $15.60 |
| − Vacancy | −$32.0k | −$1.68 |
| EGI | $264.4k | $13.92 |
| − OpEx | −$79.3k | −$4.17 |
| NOI | $185.1k | $9.74 |
19,000 SF · lease $15.60/SF/yr · vacancy 10.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.64M
$2.31M – $3.08M
NOI $185,072 @ 7.0% cap · market cap 7.40%
Second Best
Industrial
$1.90M
$1.66M – $2.22M
NOI $133,082 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$4.57M
$4.00M – $5.33M
NOI $319,838 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Manufacturing property - Historic building combines first-floor retail, second-floor apartments and offices, and a small light manufacturing operation.
Where is this manufacturing property located?
The property is located at 3208 Main St Buffalo, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 19,000 sq ft historic, income‑producing mixed‑use building included in the sale; Building features first‑floor retail, second‑floor apartments and offices, plus a small light manufacturing facility; Includes a well‑established 95‑year‑old wholesale food business with 4 WNY retail outlets
