1412 Main StBuffalo, NY 14209

Property Details for 1412 Main St

Year built

1850

Lot size

0.28 AC

Property size (Sq ft)

9,077 SF

Zone code

N-2C

Property type

Investment properties

Property subtype

Live-work space

APN

140200 100.39-2-11

APU

14020010039211

Description

This exceptional 10,061 square foot commercial property, located at 1412 Main Street in Buffalo, New York, presents a unique investment opportunity. Built in 1850, this Class C building boasts a rich history and is currently configured as a single-tenant retail space, previously operating as a bar and restaurant. A significant portion of the building, approximately 4,000 square feet, is currently vacant and ready for immediate occupancy. The existing space features a fully functional kitchen hood, walk-in cooler, and freezer, providing a solid foundation for a variety of food service or retail businesses. The property's convenient location on Main Street in Erie County, NY, 14209, offers excellent visibility and accessibility. Potential tenants will find the existing kitchen equipment, tables, and chairs a valuable asset, reducing initial setup costs. This property is ideal for an entrepreneur looking to establish a thriving business in a vibrant urban setting or an investor seeking a strong return on investment in a historically significant building. The building's substantial size offers flexibility for various business models, making it a truly versatile commercial space. Don't miss this chance to acquire a piece of Buffalo's history and capitalize on its prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,646,600

  6.5%

  $1,519,938

  7%

  $1,411,371

• Comparable approach

  Method

  Valuation

  Relative Method

  $868,399

  Geo Method

  $571,034

• Alternative Use

  Use

  Valuation

  Residential

  $1,884,723

  Hospitality

  $1,726,396

  Educational

  $1,436,342

  Medical

  $1,485,740

  Retail

  $2,234,309

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.9122

Longitude

-78.8663

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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