Retail Business for Sale in Buffalo, NY

  • Price: $4.1M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Buffalo, NY 14209
  • Size: 76,680 SF

Description

Highly visible building located on Main Street in the City of Buffalo with average annual traffic counts of 12,748 vehicles per day. Built in 1926 as a showroom for REO Motor Company, this building was most recently used as an art gallery. Ground floor has drive-through ability. Elevator leading to spacious second floor. Small parking lot. Medical corridor location; two blocks from Oshei Children's Hospital/Jacobs School of Medicine. 200' from Metro Rail Station. Ideal For: art gallery, banquet space, residential conversion, medical office conversion, or redevelopment opportunity.

Market Context

This retail in Buffalo, NY is listed for sale at $4,100,000 across 76,680 SF ($53/SF). It has been on the market for 206 days. Compare it against other retail listings for sale in Buffalo, NY — <a href="/search/sale/retail/new-york/buffalo">view the full market</a>.

As of Q4 2021, the Buffalo retail market showed a 6.8% vacancy rate, and rents up 7.0% year over year. Source: Colliers Q4 2021 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Buffalo retail market tightening or softening?
Vacancy is around 6.8%, with asking rents rising year over year (Q4 2021).

Unified Estimate

Very Low Confidence

$58.77/SF – $79.51/SF

Mid: $69.14/SF

Total estimate for 76,680 SF: $5,301,655

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market san-diego (similarity: 100%) with 4 comparable listings.

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