Downtown Buffalo Income-Producing Parking
For Sale
$2,699,000
Pending
196 Franklin St, Buffalo, NY 14202
Income-producing parking lots in downtown Buffalo with development potential.
Property SizeContact for details
Lot Size0.63 Acres
Days on Market499
Property Features for 196 Franklin St
General Information
Standard status
Pending
Lot size
0.63 Acres
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$12,289
Listing Agency:
HUNT Commercial Real Estate Corp. of Buffalo New York
(716) 854-5943
Listed By:
Edmund J Golach · License #30GO0514247
(716) 854-5943
Source:
Exprealty
Added: Apr 10, 2025
Changed: Aug 20
Last Checked: Aug 21 at 1:05PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Income‑producing parking lots with existing lease in place.
- Potential for future development.
- Centrally located in Downtown Buffalo.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14202, NY
3,850
Population
2,452
Households
1.6
Avg Household Size
38
Median Age
45%
College-Educated
92%
High-School Grad
0.9 sq mi
ZIP Area
4,278
Density / Sq Mi
$47,990
Median Household Income
$36,936
Median Earnings
$709
Median Rent
$495,800
Median Home Value
Market
Vacancy Rate% for Retail in Buffalo, NY
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Frequently Asked Questions
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.
