Mixed-Use Building with Manufacturing
3208 Main Buffalo, NY 14216
3208 Main, Buffalo, NY, 14216
Contact for pricing
For Sale
Contact for pricing
Mixed-use building with established manufacturing business and retail outlets.
Property Size19,000 SF
Price / SF$115.79
Days on Market781
Property Features for 3208 Main
General Information
- Standard status
- Active
- Size
- 19,000 SF
- Property subtype
- Industrial, Mixed Use, Retail
Listing agency
HUNT Commercial
(716) 481-3325
Listed by
Alan Hastings · License #NY 10311203496
Source
Crexi
Added: Jun 3, 2024 Updated: Jul 10 at 3:44PM Checked: Jul 22 at 6:12PM
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
Investment Insights
Based on property information with market context.
This is a mixed-use building with a light manufacturing and wholesale food business, established for 95 years, located in North Buffalo. The sale includes four Western New York retail outlets. The historic, income-producing building includes parking and a small manufacturing facility, totaling 19,000 square feet. The property features first-floor retail space and second-floor apartments and offices, all in excellent condition. The business specializes in boutique and specialized candy and lollipop manufacturing with retail in the Western New York market. There is potential to increase internet presence and national sales. The property is located in the University of Buffalo district. The manufacturing capacity can be increased with additional shifts and employees. A flagship classic restored soda fountain business and store potential can be easily increased with minimal effort.
Key Highlights
- Well‑established, 95‑year‑old light manufacturing and wholesale food business with 4 retail outlets.
- Historic, income‑producing mixed‑use building (19,000 sq ft) with parking and small manufacturing facility included.
- Retiring owner will train new operator.
Local 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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Parkside Candy
Specialty Food Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Mixed-use building with established manufacturing business and retail outlets.
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: Well‑established, 95‑year‑old light manufacturing and wholesale food business with 4 retail outlets.; Historic, income‑producing mixed‑use building (19,000 sq ft) with parking and small manufacturing facility included.; Retiring owner will train new operator.
