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Executive Summary

Located in the heart of Buffalo's Theater District, directly across from Shea's, 301 Franklin Street offers 9,290 square feet of recently updated and expanded restaurant and bar space. Originally constructed in 1946 as a motion picture film warehouse, the property was thoughtfully transformed into a full-service restaurant while preserving its distinctive industrial character. Inside, you'll find expansive open floor plans, soaring ceilings, exposed structural elements, multiple bar areas, recently renovated commercial kitchen infrastructure, office and storage space, restrooms, and existing utility connections, making the property well-suited for a variety of commercial concepts. The unique architecture creates an unforgettable setting for any restaurant, brewery, entertainment venue, food hall, or other destination business. The property presents exceptional redevelopment potential such as retail, office, hospitality, cultural, and mixed-use residential opportunities. Surrounded by major employers, hotels, entertainment venues, residential developments, and continued public and private investment. One block from free above ground light rail, the location provides outstanding accessibility to the Buffalo Niagara Medical Campus, Canalside, KeyBank Center, Sahlen Field, as well as the city's thriving Theatre District and year round patronage. Whether preserving its legacy or bringing a new vision to life, 301 Franklin Street offers a rare combination of location, architectural character, redevelopment flexibility, and long-term investment potential.
For Lease: $10,000 / month

Property Facts

Sale Type
Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,290 SF
Building Class
C
Year Built
1946
Price
$1,400,000
Price Per SF
$150.70
Tenancy
Single
Building Height
1 Story
Building FAR
0.89
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
N-1C - Neighborhood Commercial with Medium Density Residential Overlay
Frontage
90’ on Franklin Street

Amenities

  • Restaurant
  • Security System
  • Signage
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 9,290 SF
  • Retail
  • -
  • Now

9,290 square foot retail building available for sale at $1.4 million or for lease at $12.92 per square foot triple net.

Space Size Space Use Position Available
1st Floor 9,290 SF Retail - Now

1st Floor

Size
9,290 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 9,290 SF
Space Use Retail
Position -
Available Now

9,290 square foot retail building available for sale at $1.4 million or for lease at $12.92 per square foot triple net.

Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100

Nearby Major Retailers

Bank of America
KeyBank
Northwest Bank
Citizens
Bank of America Mortgage
Tim Hortons
La Fitness
CrossFit
Tops Friendly Markets
The Botanist

Property Taxes

Property Taxes

Parcel Number
140200-111-300-0006-002-110
Land Assessment
$326,700
Improvements Assessment
$654,300
Total Assessment
$981,000
  • Listing ID: 41506536

  • Date on Market: 7/31/2026

  • Last Updated:

  • Address: 301 Franklin St, Buffalo, NY 14202

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