3500-3550 Main St, Buffalo, NY 14226
University Plaza, a Class A, 157,790 square foot shopping center in Buffalo, NY, presents a compelling investment opportunity. This multi-tenant property, built in 1980 and renovated in 1999, boasts four buildings situated on 14.41 acres of land. The center enjoys a 90% occupancy rate with 25 tenants, including prominent national brands like Dollar Tree, Tops Markets, M&T Bank, UPS, H&R Block, and GameStop. Anchored by Tops Markets since 1984, the center benefits from its strategic location at the intersection of Main Street (Route 5) and Bailey Avenue (Route 62), a major thoroughfare with an average daily traffic count of 27,306 vehicles. This high-traffic location is further enhanced by its proximity to the University at Buffalo's South Campus, Canisius College, and Daemen College. The property offers 626 parking spaces and is zoned C-Commercial. The average tenant tenure is 26.8 years, demonstrating the stability and desirability of this location. The densely populated trade area features a median household income exceeding $79,000 within a 5-mile radius. Financial details, including rent roll and lease options, are available upon request. This stabilized investment property offers a strong return with a long history of success.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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