3208 Main St Buffalo, NY 14216
- Investment properties
- 7,730 SF
- 0.44 lot acres
Current Use by Public Records
- Parkside Candy / Ice Cream Shop / Candy Store
Property Details for 3208 Main St
- Year built
- 1921
- Lot size
- 0.44 lot acres
- Property size
- 7,730 SF
- Zone code
- N-3C
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 140200 79.55-3-9
- APU
- 140200795539
Description
This exceptional 19,000-square-foot industrial property at 3208 Main Street in Buffalo, NY, presents a unique investment opportunity. The property, a well-established, 95-year-old light manufacturing and wholesale food business, includes four additional retail outlets in Western New York. The mixed-use building boasts a historic charm, ample parking, and a small manufacturing facility. The asking price is $3,300,000, translating to $173.68 per square foot. The current owner is retiring and will provide training to the new operator, ensuring a smooth transition. The business enjoys strong regional name recognition and significant upside potential, particularly given the limited competition in the niche market of boutique candy and lollipop manufacturing. The property's location in the University of Buffalo district offers excellent visibility and access. The building itself is in excellent condition, featuring first-floor retail space, second-floor apartments and offices, and a manufacturing area with capacity for expansion through additional shifts and employees. The flagship soda fountain business and store also presents opportunities for growth with minimal investment. This property offers a blend of established income generation and significant potential for future expansion. The property is located in Erie County, NY, zip code 14214.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $405,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $380,000
- 6.5%
- $430,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $360,000
- Geo Method
- $390,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $430,000
- Retail
- $320,000
- Mixed-Use
- $400,000
- Hospitality
- $390,000
- Educational
- $335,000
- Residential Income
- $365,000
- Energy
- $410,000
- Income-Based Land
- $320,000
- Food Service
- $360,000
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.826
- Latitude
- 42.9518
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
