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10572411
10572412

2321 Main St, Buffalo, NY 14214

JJ
NY NY 10401256164
Donovan Real Estate Services
BD
NY 10491202934
Donovan Real Estate Services
Listed by Donovan Real Estate Services
$1,300,000
1165 days on market
Updated 38 days ago

2321 Main St

Details
Property Type Mixed Use
Sub Type Mixed Use, Retail
Square Footage 11,567
Cap Rate 6.91%
NOI $89,841
Occupancy 100%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Price per SqFt $112
Year Built 1900
Buildings 1
Stories 2
Investment Type Net Lease

Fully Leased Mixed Use Investment Opportunity | 6.91% CAP | 11,567 SF Buffalo NY

Marketing description

Great Investment Opportunity to own a fully occupied mixed-use building on Main st in the City of Buffalo. The property consists of 6 apartments, 6 Storefronts, a garage space and has had many upgrades over the last few years. Apartments are recently refreshed with new paint & flooring and are in excellent overall condition. HVAC equipment is in running order with regular maintenance, and the roof was re-silvered in 2022.

This available building is located at the corner of Main St. and East Oakwood Pl. Main Street is a major traffic corridor, connecting the Amherst and Williamsville neighborhoods to downtown Buffalo. Less than half a mile from the campuses of Medialle College and Canisius College, this site is easily accessed from NY-198. Major employers in the area include Sisters of Charity Hospital (.25 miles), Erie County Medical Center (1 mile), and National Grid (.25 miles). Notable landmarks close by include the Buffalo Zoo, Delaware Park, and Frank Lloyd Wright's Darwin Martin House Complex.

Investment highlights

Fully Leased

6.91 Cap Rate

Upside with multiple below-market leases

23,500+ AADT

Close to multiple college campuses

Easy access from NY-198

Listing Contacts

JJ
NY NY 10401256164
Donovan Real Estate Services
BD
NY 10491202934
Donovan Real Estate Services
Listed by Donovan Real Estate Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$89,841.00
$7,486.75/mo

Valuation Metrics

0
DSCR
6.91%
Cap Rate
6.91%
ROI

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Additional Information

Name
Joseph Jacobi, Jr.
License
NY 10401256164
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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