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Property summary
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
VerifiedCap rate & NOI
Current use
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Hotel & Motel
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Hotel & Motel
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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
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2019Property 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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