3500-3550 Main St Buffalo, NY 14226
- Lifestyle centers
- 157,790 SF
- 14.41 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 3500-3550 Main St
- Year built
- 1980
- Lot size
- 14.41 lot acres
- Property size
- 157,790 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8172
- Latitude
- 42.9597
