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    2297-2303 Main St Buffalo, NY 14214

    Sponsored
    For Sale
    $724,900

    8-Unit Mixed-Use Building, High Potential

    Property size:
    11,824 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional value-add investment property, located at 2297-2303 Main Street in Buffalo, NY, presents a compelling opportunity for owner-operators. The 11,824 square foot, two-story building boasts eight units and sits on a 0.505-acre lot. Built in 1900, the property offers significant potential for renovation and repositioning. Currently configured as a mixed-use building, the property's prime location between Sister's Hospital and the UB South campus provides excellent visibility and accessibility. The existing structure presents a unique chance to create four new retail storefronts, each benefiting from on-site parking for 15 vehicles. Additionally, the property includes space suitable for warehouse storage, featuring a large grade-level door, and the potential to develop four new residential units. The asking price is $724,900. This property offers substantial curb appeal and significant upside potential for a savvy investor seeking to capitalize on the strong demand in this vibrant Buffalo neighborhood. The property's zoning and specific unit configurations should be independently verified. This is an investment property with a strong potential for return. The property features a total of 15 parking spaces.

    Property Features for 2297-2303 Main St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    11,824 SF
    Lot Size
    21,998 SF

    Building Details

    Year Built
    1900
    Stories
    2
    Units
    8

    HighLights

    • Exceptional value‑add opportunity: 11,824 SF, two‑story building on a 0.505‑acre lot in Buffalo, NY.
    • Eight‑unit mixed‑use building with potential for four new retail units and four new residential units.
    • Prime location between Sister's Hospital and UB South campus with excellent visibility and accessibility.
    • 15 on‑site parking spaces and warehouse space with grade‑level door.
    • Asking price: $724,900.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8467132
    Latitude
    42.9319814

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    FAQs

    What type of property is this?
    Lifestyle center - 8-Unit Mixed-Use Building, High Potential
    Where is this lifestyle center located?
    The property is located at 2297-2303 Main St Buffalo, NY.
    What is the asking price?
    The asking price for this property is $724,900.
    What are key features of this property?
    This property features: Exceptional value-add opportunity: 11,824 SF, two-story building on a 0.505-acre lot in Buffalo, NY.; Eight-unit mixed-use building with potential for four new retail units and four new residential units.; Prime location between Sister's Hospital and UB South campus with excellent visibility and accessibility.
    Request Owner's contact information
    2297-2303 Main St Buffalo, NY 14214
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    Buffalo, NY 14214
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2297-2303 Main St Buffalo, NY 14214
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