Property summary
This exceptional two-story, 32,292 square foot Class B executive office building at 1420 Main Street in Buffalo, NY, presents a compelling investment opportunity. Built in 1920, this single-tenant property boasts significant recent updates, including HVAC system upgrades, window replacements, and interior remodeling. Currently operating as a banquet facility and office space, the building offers substantial redevelopment potential. Its prime location near the Utica subway station, Allentown, Hospital Hill, and downtown Buffalo ensures high visibility and accessibility. The asking price is $850,000. The property's substantial size and strategic location make it ideal for a variety of uses, capitalizing on its rich history and promising future. The building's existing infrastructure, coupled with its proximity to key areas of Buffalo, provides a solid foundation for a successful redevelopment project. This is a rare chance to acquire a significant piece of Buffalo's commercial real estate landscape, offering both immediate income potential and long-term growth opportunities. The property is situated in Erie County, NY, zip code 14209. Detailed financial information is available upon request.
Property profile
VerifiedCap rate & NOI
Current use
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Wedding Service
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Hair Salon Nail Salon
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Department Store
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Department Store
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Real Estate Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
applied in the N-2C zone. C A B Interior side or Rear Lot LineResidential Zone Interior side or Rear Setback Line RequiredSetback Maximum height permitted in abutting residential zoneA Additional height permitted by step…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
N-2C · Buffalo, NYapplied in the N-2C zone. C A B Interior side or Rear Lot LineResidential Zone Interior side or Rear Setback Line RequiredSetback Maximum height permitted in abutting residential zoneA Additional height permitted by step…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
applied in the N-2C zone. C A B Interior side or Rear Lot LineResidential Zone Interior side or Rear Setback Line RequiredSetback Maximum height permitted in abutting residential zoneA Additional height permitted by step…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for N-2C in Buffalo, NY.
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