Two-Space Mixed-Use
New
For Sale
$699,000
36 Main St, Hamburg, NY 14075
Separate restaurant and boutique areas support diversified commercial occupancy in an established Main Street setting.
Property Size5,240 SF
Days on Market4
Property Features for 36 Main St
General Information
Standard status
Active
Size
5,240 SF
Property subtype
Commercial
Financials
Asking Price
$699,000
Gross Income
$69,600
Taxes and HOA fees
Annual Taxes
$17,681
Building Details
Building Size
5,240 SF
Year Built
1900
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
(716) 536-9309
Listed By:
Kimberly Van Tine
(716) 536-9309
Source:
Elliman
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 13 at 9:49AM
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 Kimberly Van Tine
Investment Insights
Based on property information with market context.
This mixed-use commercial property at 36 Main St includes two distinct commercial spaces with separate occupants. The current configuration accommodates a restaurant alongside a retail or boutique operation, creating established activity across the building. The property was built in 1900 and is being offered with existing commercial tenancy in place.
Located on Main Street in Hamburg, New York, the building has a walk score of 52 and a bike score of 41, both characterized as somewhat walkable or somewhat bikeable. The separate spaces provide flexibility within the existing layout while maintaining two established commercial uses under one ownership.
Located on Main Street in Hamburg, New York, the building has a walk score of 52 and a bike score of 41, both characterized as somewhat walkable or somewhat bikeable. The separate spaces provide flexibility within the existing layout while maintaining two established commercial uses under one ownership.
Key Highlights
- Two separate commercial spaces within one mixed‑use property
- Current occupants include a restaurant and a retail or boutique business
- Located at 36 Main St, Hamburg, NY 14075
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,100
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,262,000
$1.3M
Cap Rate 7%
$901,429
$901.4K
Cap Rate 9%
$701,111
$701.1K
Market Conditions
NOI Build-Up for 5,240 SF
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.
Gross rent
$94.3K $18.00/SF
− Vacancy
−$10.2K −$1.94/SF
EGI
$84.1K $16.06/SF
− OpEx
−$21.0K −$4.01/SF
NOI
$63.1K $12.04/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,262,000
Cap Rate 7%
$901,429
Cap Rate 9%
$701,111
Alternative Uses
Best Use
Specialty Retail
$901.4K
$788.8K – $1.05M
NOI $63,100 @ 7.0% cap · market cap 9.03%
Second Best
Mixed Use
$703.2K
$615.3K – $820.4K
NOI $49,223 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,185 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
41k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 91%
Home Improvements & Furnishings 9%
Dollar Tree
Shops & Services
15,250 visits/mo
0.4 miles
7-Eleven
Shops & Services
6,355 visits/mo
0.4 miles
Bank of America
Shops & Services
5,757 visits/mo
0.1 miles
KeyBank
Shops & Services
4,651 visits/mo
0.1 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
3,772 visits/mo
0.4 miles
Demographics for 14075, NY
44,053
Population
20,164
Households
2.2
Avg Household Size
46
Median Age
38%
College-Educated
96%
High-School Grad
39.4 sq mi
ZIP Area
1,118
Density / Sq Mi
$82,083
Median Household Income
$50,934
Median Earnings
$1,129
Median Rent
$246,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate restaurant and boutique areas support diversified commercial occupancy in an established Main Street setting.
Where is this mixed-use property located?
The property is located at 36 Main St Hamburg, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two separate commercial spaces within one mixed‑use property; Current occupants include a restaurant and a retail or boutique business; Located at 36 Main St, Hamburg, NY 14075
