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    FOR LEASE
    Hotels

    601 Main St, Buffalo, NY 14203

    119,553 SF 0.71 ac lot Built 1990
    Individually Owned 21-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-1570903
    Property summary
    AI-generated overview

    This exceptional 9,648-square-foot restaurant space, formerly a TGI Fridays, presents a unique opportunity in the heart of downtown Buffalo, NY. Located at 601 Main Street, this second-generation restaurant boasts a street-level entrance and convenient connectivity to a 146-room Holiday Inn Express & Suites. The expansive layout includes multiple indoor seating areas, accommodating 156 guests, along with an inviting outdoor patio and a large U-shaped bar. This corner location benefits from high visibility and foot traffic within a vibrant and active area, attracting young professionals and recent college graduates. The surrounding area is bustling with activity, day and night. Nearby hotels include the Embassy Suites, Hampton Inn & Suites, Curtiss Hotel, and Hyatt Regency, complemented by a diverse selection of local bars, restaurants, and nightclubs. The daytime activity is equally impressive, with proximity to New Era's flagship store, Fountain Plaza, the Convention Center, and numerous local, state, and federal office buildings. These include City Hall, the Western NY District Federal Court, FBI, IRS, and VA offices, as well as Buffalo Police Headquarters and Erie County Court. This property offers significant potential for a variety of restaurant or retail concepts, capitalizing on its prime location and established infrastructure within a thriving downtown environment. The property is situated in Erie County, New York, with a zip code of 14203.

    Property profile
    Verified
    Property type Hotels
    Use group HOTEL
    Year built 1990
    Total area 119,553 SF
    Lot 0.71 ac (30,800 SF)
    Zoning code N-1C
    APN 140200 111.38-4-6.112
    UPID US63-1570903
    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
    • Holiday Inn Express & Suites Buffalo Downtown - Medical Ctr Hotel & Motel
    • Holiday Inn Express & Suites Buffalo Downtown - Medical Ctr, an IHG Hotel Hotel & Motel
    • TGI Fridays Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $7.78M
    Owner & transaction history
    601 Main Street Ptshp · 21 yrs held
    601 Main Street Ptshp
    since 2004
    3 recorded transactions
    2004
    1969
    1969
    Zoning & alternative use
    N-1C · Buffalo, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $11.6M +31.4%
    Commercial (general) $11.4M +28.4%
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    More about this property
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