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23920030
23920031

1471 Main St, Buffalo, NY 14209

HUNT Commercial
Listed by HUNT Commercial
$750,000
353 days on market
Updated 17 days ago

1471 Main St

Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 28,586
Cap Rate 6.51%
NOI $48,806
Year Built 1935
Lot Size (SqFt) 16,625

Industrial | 6.51% CAP | 28,586 SqFt

Marketing description

Uncover a compelling investment opportunity in Buffalo, NY, with this 28,586 SF building bursting with character and potential. Originally constructed in 1935, the property is currently leased by Budget Rental Car, occupying approximately 10,000 SF of the space, and offering a strong national tenant and ongoing cash flow during potential renovations. With its historic brick and steel-cased windows concealed by corrugated metal cladding, this building is a perfect candidate for a variety of creative uses, including loft conversion and other adaptive redevelopments. Boasting convenient access to the Buffalo area, this property presents an exciting prospect for developers and investors looking to breathe new life into a piece of industrial history. Operating at a 6.5% cap rate with high vacancy, this building offers substantial potential for growth and value creation

Situated in the vibrant city of Buffalo, the location offers a dynamic blend of business and leisure. The area is home to a range of dining options, from trendy cafes to upscale restaurants, providing ample choices for business meetings and client entertaining. Nearby attractions include the Albright-Knox Art Gallery, a renowned institution for modern and contemporary art, and the Buffalo Zoo, a popular destination for corporate family events. With a mix of green spaces, historic landmarks, and cultural hotspots, the neighborhood provides a stimulating environment for professionals and their clients. This prime location ensures that your investment in an office building here is not only strategically sound but also offers a desirable lifestyle appeal.

Listing Contacts

HUNT Commercial
Listed by HUNT Commercial

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$48,805.77
$4,067.15/mo

Valuation Metrics

0
DSCR
6.51%
Cap Rate
6.51%
ROI

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