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Property profile & analytics
OFF-MARKET Estimated value $1,350,000
Office buildings

487 Main St Buffalo, NY 14203-1732

14,400 SF 0.06 ac lot Built 1915
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US63-3890322
Property summary
AI-generated overview

This exceptional 14,400-square-foot executive office building, located at 487 Main St, Buffalo, NY 14203, presents a unique investment opportunity. Situated in Buffalo's highly desirable Central Business District, this one-story, Class B building boasts a prime corner location at Main Street and East Mohawk Street, adjacent to Lafayette Square. Built in 1915 and renovated in 2005, the property is currently vacant, offering a blank canvas for a new owner. The building features a first-floor café, adding to its versatility and potential income streams. Its N-1D zoning allows for a variety of uses. Conveniently located less than a mile from Canalside and the Buffalo Niagara Medical Campus, this property benefits from excellent access to major transportation arteries, including the NYS I-190 and Kensington Expressway. The building includes one elevator in good working order, serving all floors. Street and ramp parking are available nearby. This mixed-use building is surrounded by a vibrant live-work community with numerous restaurants, offices, and entertainment options within walking distance. The 0.06-acre lot provides ample space for the building and potential future development. This is a rare opportunity to acquire a well-positioned property in a thriving downtown area.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1915
Total area 14,400 SF
Lot 0.06 ac (2,400 SF)
Zoning code N-1D
APN 140200 111.13-6-6
UPID US63-3890322
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Ambur Point of Sale (Bike/Boat/Book/etc) Store Corporate Office
  • Double Up Food Bucks NYS Agricultural Service Non-Profit Organization
  • E-Cafe Cafe & Coffee Shop
  • Investigative Post Charitable Organization Social Service Agency
  • PrintWithMe Print Kiosk at E-Cafe (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.35M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.35M
Owner & transaction history
487 Main LLC · 2 yrs held
487 Main LLC
since 2024
Last sale
$1.3M
5 recorded transactions
2024
$1.3M
2004
$165,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
N-1D · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $2.1M +23.8%
Neighborhood: shopping center $1.9M +11.9%
Restaurant $1.8M +6.8%
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