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- LoopNet Team
305 Franklin Street St
Buffalo, NY 14202
Parking Lot Located in Downtown Buffalo, NY · Land For Sale
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0.20 AC
INVESTMENT HIGHLIGHTS
- Parking lot in Downtown Buffalo, NY
- 6% cap rate parking lot in Downtown Buffalo, NY
- Building lot for sale in prime Downtown Buffalo, NY
PROPERTY FACTS
DESCRIPTION
Location! Location! Location! 305 Franklin Street is a prime real estate opportunity in the heart of the entertainment district in downtown Buffalo, located next door to the Aloft Hotel, and across the street from Shea's Buffalo Theatre, which provides ample opportunity for event parking revenue. The 75' x 115' parking lot has the capacity to park 30 vehicles and is buildable, in a market with access to several different sources of government funding for new construction projects. The current zoning, N-1C, permits the development of a variety of building types, including attached homes, carriage houses, commercial blocks, and stacked units. The potential gross income as a parking lot is estimated at $120,000 and the maintenance and management will not keep you up at night. The buildings directly behind the parking lot (484 Pearl Street, and 492/494 Pearl Street) are also available for sale to expand your vision and plan as the most desirable development site available for sale in Downtown Buffalo. Total property taxes: $3,364.74, Sewer Rent: $137.23, User/Garbage Fee: $204.25.
PROPERTY TAXES
| Parcel Number | 140200-111-300-0006-004-000 | Improvements Assessment | $48,200 |
| Land Assessment | $95,800 | Total Assessment | $144,000 |
PROPERTY TAXES
