2297-2303 Main StBuffalo, NY 14214

For Sale
$724,900

8-Unit Mixed-Use Building, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional value-add investment property, located at 2297-2303 Main Street in Buffalo, NY, presents a compelling opportunity for owner-operators. The 11,824 square foot, two-story building boasts eight units and sits on a 0.505-acre lot. Built in 1900, the property offers significant potential for renovation and repositioning. Currently configured as a mixed-use building, the property's prime location between Sister's Hospital and the UB South campus provides excellent visibility and accessibility. The existing structure presents a unique chance to create four new retail storefronts, each benefiting from on-site parking for 15 vehicles. Additionally, the property includes space suitable for warehouse storage, featuring a large grade-level door, and the potential to develop four new residential units. The asking price is $724,900. This property offers substantial curb appeal and significant upside potential for a savvy investor seeking to capitalize on the strong demand in this vibrant Buffalo neighborhood. The property's zoning and specific unit configurations should be independently verified. This is an investment property with a strong potential for return. The property features a total of 15 parking spaces.

Highlights

  • Exceptional value-add opportunity: 11,824 SF, two-story building on a 0.505-acre lot in Buffalo, NY.
  • Eight-unit mixed-use building with potential for four new retail units and four new residential units.
  • Prime location between Sister's Hospital and UB South campus with excellent visibility and accessibility.
  • 15 on-site parking spaces and warehouse space with grade-level door.
  • Asking price: $724,900.

Property Details for 2297-2303 Main St

Property type
Lifestyle centers, Power centers
Square Feet
11,824 SF
Year Built
1900
Stories
2
Lot Size (sq. ft)
21,998 SF
Units
8

Location Insight

City
Buffalo
County
Erie
State
New York
Latitude
42.9319814
Longitude
-78.8467132
2297-2303 Main St, Buffalo, New York

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2297-2303 Main St
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