2321 Main St
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
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