Light Manufacturing
3208 Main, Buffalo, NY 14216
For Sale
$2,200,000
Mixed-use property combines food production, retail space, apartments, offices, and on-site parking.
Property Size19,000 SF
Price / SF$115.79
Days on Market47
Property Features for 3208 Main
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Business Included
Building Details
Building Size
Buildings
Units
Listing Agency:
HUNT Commercial
Listed By:
Alan Hastings · License #10311203496
(716) 481-3325
Source:
Commercialcafe
Added: Sep 21
Changed: Oct 25
Last Checked: Nov 6 at 5:45AM
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
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Investment Insights
Based on property information with market context.
This 95-year-old property combines a light manufacturing operation with a wholesale food business and multiple commercial components. The 19,000-square-foot offering includes a small production facility, first-floor retail space, and second-floor apartments and offices, along with on-site parking. The building is described as being in excellent condition, and the sale includes four WNY retail outlets connected to the business.
The property is located at 3208 Main in Buffalo’s North Buffalo area, within the University of Buffalo district. The retiring owner will train the incoming operator, providing operational continuity for the established business. The existing configuration supports manufacturing, customer-facing retail, office use, and residential space within one property.
The property is located at 3208 Main in Buffalo’s North Buffalo area, within the University of Buffalo district. The retiring owner will train the incoming operator, providing operational continuity for the established business. The existing configuration supports manufacturing, customer-facing retail, office use, and residential space within one property.
Key Highlights
- 19,000‑square‑foot mixed‑use building with manufacturing, retail, apartments, and offices
- 95‑year‑old property with an established wholesale food business
- Four WNY retail outlets included with the business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$185,072
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,701,440
$3.7M
Cap Rate 7%
$2,643,886
$2.6M
Cap Rate 9%
$2,056,356
$2.1M
Market Conditions
NOI Build-Up for 19,000 SF
Gross rent
$296.4K $15.60/SF
− Vacancy
−$32.0K −$1.68/SF
EGI
$264.4K $13.92/SF
− OpEx
−$79.3K −$4.17/SF
NOI
$185.1K $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%
$3,701,440
Cap Rate 7%
$2,643,886
Cap Rate 9%
$2,056,356
Alternative Uses
Best Use
Mixed Use
$2.93M
$2.57M – $3.42M
NOI $205,200 @ 7.0% cap · market cap 9.33%
Second Best
Retail
$2.64M
$2.31M – $3.08M
NOI $185,072 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$4.57M
$4.00M – $5.33M
NOI $319,838 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,009
Businesses Nearby
Explore this area
Business Placement
Demographics for 14216, NY
22,979
Population
12,773
Households
1.8
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
8,207
Density / Sq Mi
$70,260
Median Household Income
$47,823
Median Earnings
$1,152
Median Rent
$260,700
Median Home Value
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Market
Average Price Trend$/SF for Manufacturing properties in Buffalo, NY
Properties on Market for Manufacturing properties in Buffalo
Vacancy Rate% for Industrial in Buffalo, NY
Frequently Asked Questions
What type of property is this?
Manufacturing property - Mixed-use property combines food production, retail space, apartments, offices, and on-site parking.
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 $2,200,000.
What are key features of this property?
This property features: 19,000‑square‑foot mixed‑use building with manufacturing, retail, apartments, and offices; 95‑year‑old property with an established wholesale food business; Four WNY retail outlets included with the business
