1294 Niagara St Buffalo, NY 14213
This exceptional mixed-use redevelopment opportunity presents a 67,331 square foot, three-story building situated on a 1.14-acre lot in Buffalo, New York. Originally constructed in 1914 as a factory, this 14-bay brick masonry building offers significant potential for adaptive reuse. The property features two loading bays, multiple pedestrian entrances, and benefits from its location within a designated Opportunity Zone. The building's permitted zoning is N-1S. The asking price is $3,800,000, translating to $56.44 per square foot. This prime location on Niagara Street is undergoing a significant transformation, evolving from an industrial corridor into a vibrant destination. The City of Buffalo is actively investing in the Niagara Street Rehabilitation Project, enhancing the area's infrastructure with improvements to pedestrian walkways, bicycle lanes, public transit access, and traffic flow. The property's strategic location provides easy access to major transportation arteries, including the Peace Bridge/Canadian Border, I-190, and the Scajaquada Expressway. High daytime traffic volume from heavy vehicles and proximity to public transit further enhance its appeal. This is a unique chance to capitalize on the revitalization of a key Buffalo location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
N-1S · Buffalo, NYBuffalo. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.