3225 Main St Buffalo, NY 14214
- Investment properties
- 2,568 SF
- 0.08 lot acres
Current Use by Public Records
- @ Eleven Wings & Cuisines / Soul Food Restaurant / Seafood Restaurant
Property Details for 3225 Main St
- Year built
- 1910
- Lot size
- 0.08 lot acres
- Property size
- 2,568 SF
- Zone code
- N-3C
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 140200 79.55-4-2
- APU
- 140200795542
Description
This exceptional mixed-use property at 3225 Main Street in Buffalo, NY, presents a unique investment opportunity. Situated on a 0.08-acre lot in a high-traffic area near the University of Buffalo's South Campus, this 3,768 square foot building offers a fully operational restaurant on the ground floor and two apartments on the second floor. The storefront boasts recent updates, including a beautifully renovated dining area, a front counter with a deli case, beverage taps, ample dry storage, a bathroom, and air conditioning. The kitchen is fully equipped with deep fryers, flat tops, an oven/range, refrigeration, and a hood system. Upstairs, the two apartments provide excellent potential for rental income, either as tenant-occupied units or for owner occupancy. A large backyard offers additional space, potentially usable as an extension of the restaurant or as an amenity for apartment tenants. Significant recent improvements include a five-year-old roof, completely new electrical service, and two new hot water tanks. The property also features a full basement and all utilities are separately metered. This property is priced at $349,000 and offers a compelling blend of commercial and residential income potential in a desirable Buffalo location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $330,000
- 6.5%
- $320,000
- 7%
- $325,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $385,000
- Geo Method
- $395,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $375,000
- Retail
- $325,000
- Mixed-Use
- $400,000
- Hospitality
- $320,000
- Educational
- $295,000
- Residential Income
- $370,000
- Energy
- $400,000
- Income-Based Land
- $355,000
- Food Service
- $350,000
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8251
- Latitude
- 42.9515
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA