653 Main StBuffalo, NY 14203

Property Details for 653 Main St

Year built

1900

Lot size

0.20 AC

Property size (Sq ft)

16,896 SF

Zone code

N-1C

Property type

Investment properties

Property subtype

Live-work space

APN

140200 111.38-4-4.12

APU

140200111384412

Description

This exceptional 1,400 square foot executive office suite is located at 653 Main Street #104, directly across from Shea's Performing Arts Center in Buffalo's vibrant Theater District. Housed within the historic Pierce Building, constructed in 1921 and extensively renovated in 2010, this space offers a unique blend of character and contemporary amenities. The open-plan layout is ideal for a variety of businesses, providing a clean, modern, and "plug-and-play" environment. The suite is part of a larger building totaling 24,334 square feet, with multiple tenancies. While the building itself does not offer on-site parking, its prime location provides easy access to public transportation and nearby parking options. The property is zoned N1D, and the minimum divisible space is 1,400 square feet, with a maximum contiguous space also at 1,400 square feet. This presents a fantastic opportunity for businesses seeking a prestigious address in a high-traffic area, benefiting from the foot traffic generated by Shea's Performing Arts Center and the surrounding cultural district. The address is easily accessible via Tupper Street. This move-in ready space is perfect for businesses seeking a blend of history and modern convenience. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $3,065,000

  6.5%

  $2,829,230

  7%

  $2,627,142

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,616,446

  Geo Method

  $1,524,198

• Alternative Use

  Use

  Valuation

  Residential

  $3,508,246

  Hospitality

  $3,213,534

  Educational

  $2,673,623

  Medical

  $2,765,573

  Retail

  $4,158,969

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.8916

Longitude

-78.8721

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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