Mixed-Use Building with Manufacturing
3208 Main, Buffalo, NY 14216
Historic mixed-use building with manufacturing and retail in North Buffalo.
Type:Industrial
Property size:
19,000 SFPrice / SF:
$131/SF- Added:
- Nov 21, 2025
- Days on Market:
- 177
- Last Refresh:
- Apr 5 at 8:58 pm
Property Features for 3208 Main
General Information
- Standard status
- Active
- Size
- 19,000 SF
- Property subtype
- Industrial
Listing agent Alan Hastings License #10311203496 (716) 880-1824
Listing office Hastings Cohn Real Estate (716) 880-1824
Listing date Nov 21, 2025
Source Huntcommercial
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 Hastings Cohn Real Estate
HighLights
- Well‑established, 95‑year‑old light manufacturing and wholesale food business with 4 retail outlets.
- Includes a 19,000 sq ft mixed‑use building with parking and a small manufacturing facility.
- Retiring owner will train the new operator.
- Great regional name recognition.
- Opportunity to increase internet presence and national sales for boutique candy/lollipop manufacturing.
- First‑floor retail and second‑floor apartments/offices in excellent condition.
Overview
This is a well-established, 95-year-old light manufacturing and wholesale food business located in North Buffalo. The sale includes a historic, income-producing, mixed-use building with parking and a small manufacturing facility totaling 19,000 square feet. There are also four Western New York retail outlets. The retiring owner is willing to train a new operator. The business has great regional name recognition and excellent upside potential. There are few competitors for boutique or specialized candy and lollipop manufacturers with retail in the Western New York market, and there is the ability to increase internet presence and national sales. The flagship classic restored soda fountain business and store potential can be easily increased with minimal effort. The location is in the University of Buffalo district. The factory and income property feature first-floor retail and second-floor apartments and offices, all in excellent condition. Manufacturing can be increased with additional shifts and employees, if desired.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$2.06M
NOI $185,072 @ 9.00% cap · cautious / downside scenario
Moderate
$2.64M
NOI $185,072 @ 7.00% cap · market / base-case scenario
Aggressive
$3.70M
NOI $185,072 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| 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 Use Scenarios
Best Use
Retail
$2.64M
$2.31M – $3.08M
NOI $185,072 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$2.48M
$2.17M – $2.89M
NOI $173,648 @ 7.0% cap · market cap 6.95%
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 local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Parkside Candy
Specialty Food Shop
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.826
- Latitude
- 42.9518
Nearby Similar for Sale
FAQs
What type of property is this?
Manufacturing property - Historic mixed-use building with manufacturing and retail in North Buffalo.
Where is this manufacturing property located?
The property is located at 3208 Main 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: Well‑established, 95‑year‑old light manufacturing and wholesale food business with 4 retail outlets.; Includes a 19,000 sq ft mixed‑use building with parking and a small manufacturing facility.; Retiring owner will train the new operator.
