Corner Restaurant
For Sale
Contact for pricing
3172 Main Street, Buffalo, NY 14214
Two adjoining commercial spaces can accommodate separate or combined food-service concepts.
Property Size13,506 SF
Price / SF$0.37
Days on Market50
Property Features for 3172 Main Street
General Information
Standard status
Active
Size
13,506 SF
Listing Agency:
716 Realty Group WNY LLC
(716) 266-6691
Listed By:
Jeffrey Lorka · License #10401317484
(716) 867-9065
Source:
Nicholcityrealty
Added: Aug 30
Changed: Oct 16
Last Checked: Oct 16 at 8:46AM
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 716 Realty Group WNY LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes two distinct commercial spaces at 3172 Main Street: a highly visible corner space and an adjacent storefront. The property is presented for restaurant, café, coffee shop, takeout, bakery, and other food-service uses. The spaces may be leased individually or together, allowing an operator to select one storefront or combine both areas under one setup.
The property is located in Buffalo’s University District near the University at Buffalo South Campus. Its Main Street address provides convenient access, while the corner position and adjacent storefront create two separate frontage opportunities within the offering.
The property is located in Buffalo’s University District near the University at Buffalo South Campus. Its Main Street address provides convenient access, while the corner position and adjacent storefront create two separate frontage opportunities within the offering.
Key Highlights
- Two separate commercial spaces included under one offering
- Highly visible corner storefront at 3172 Main Street
- Adjacent storefront provides a second commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,557
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,631,140
$2.6M
Cap Rate 7%
$1,879,386
$1.9M
Cap Rate 9%
$1,461,744
$1.5M
Market Conditions
NOI Build-Up for 13,506 SF
Gross rent
$210.7K $15.60/SF
− Vacancy
−$22.8K −$1.68/SF
EGI
$187.9K $13.92/SF
− OpEx
−$56.4K −$4.17/SF
NOI
$131.6K $9.74/SF
Area
Buffalo, NY
Vacancy
10.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,631,140
Cap Rate 7%
$1,879,386
Cap Rate 9%
$1,461,744
Alternative Uses
Best Use
Specialty Retail
$2.21M
$1.94M – $2.58M
NOI $154,860 @ 7.0% cap · market cap 3,097.20%
Second Best
Retail
$1.88M
$1.64M – $2.19M
NOI $131,557 @ 7.0% cap · market cap 2,631.14%
Theoretical Best
Office A
$3.25M
$2.84M – $3.79M
NOI $227,355 @ 7.0% cap · market cap 4,547.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,009
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14214, NY
20,732
Population
9,280
Households
2.2
Avg Household Size
32
Median Age
46%
College-Educated
90%
High-School Grad
3.3 sq mi
ZIP Area
6,282
Density / Sq Mi
$56,573
Median Household Income
$29,928
Median Earnings
$1,072
Median Rent
$234,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Buffalo, NY
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two adjoining commercial spaces can accommodate separate or combined food-service concepts.
Where is this conventional restaurant located?
The property is located at 3172 Main Street Buffalo, NY.
What are key features of this property?
This property features: Two separate commercial spaces included under one offering; Highly visible corner storefront at 3172 Main Street; Adjacent storefront provides a second commercial space
