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Property summary
The property at 301 Franklin Street in Buffalo’s Theater District is an approximately 9,290-square-foot restaurant and bar building with an open interior plan, soaring ceilings, and exposed structural elements. Originally constructed in 1946 as a motion picture film warehouse, it retains an industrial architectural identity and includes multiple bar areas, renovated commercial kitchen infrastructure, offices, storage, restrooms, and existing utility connections. The property is zoned N1c (Commercial) and is configured to support hospitality use, with potential for retail, office, cultural, and mixed-use residential applications subject to applicable approvals. It is located about one block from free above-ground light rail and is within convenient access to the Buffalo Niagara Medical Campus, Canalside, KeyBank Center, Sahlen Field, and other venues in the Theater District.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
3.1.2 N-1C Mixed-Use Cor e 3-4 3.1.3 N-1S Secondar y Employment Center 3-5 3.1.4 N-2C Mixed-Use Center 3-6 3.1.5 N-2E Mixed-Use Edge 3-7 3.1.6 N-2R Residential 3-8 3.1.7 N-3C Mixed-Use Center 3-9 3.1.8 N-3E Mixed-Use Edg…
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
Derived from the Buffalo market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
N-1C · Buffalo, NY3.1.2 N-1C Mixed-Use Cor e 3-4 3.1.3 N-1S Secondar y Employment Center 3-5 3.1.4 N-2C Mixed-Use Center 3-6 3.1.5 N-2E Mixed-Use Edge 3-7 3.1.6 N-2R Residential 3-8 3.1.7 N-3C Mixed-Use Center 3-9 3.1.8 N-3E Mixed-Use Edg…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
3.1.2 N-1C Mixed-Use Cor e 3-4 3.1.3 N-1S Secondar y Employment Center 3-5 3.1.4 N-2C Mixed-Use Center 3-6 3.1.5 N-2E Mixed-Use Edge 3-7 3.1.6 N-2R Residential 3-8 3.1.7 N-3C Mixed-Use Center 3-9 3.1.8 N-3E Mixed-Use Edg…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for N-1C in Buffalo, NY.
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