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3149-3165 Main Street 2 Specialty Properties Offered at $2,490,000 in Buffalo, NY
Investment Highlights
- 3149-3165 Main Street comprises two restaurant buildings on one property
- Although the two restaurants share a property, they can be separated
- More than fifty parking spaces in Buffalo's University District
Executive Summary
3149-3165 Main Street comprises two restaurant buildings on one property, including more than fifty parking spaces, in the University District, a half mile from UB South Campus. "The Steer" and "Lake Effect Diner" have been long established restaurant brands and locations for decades. Although the two restaurants share a property, they can be separated. The property is over a half-acre in size, The Steer is approximately 7,100 square feet with an indoor capacity of 235 and an additional 80 patrons on the two patios. The Steer is a two-story building with a full basement, three bars (1st floor, 2nd floor, 2nd floor patio), 2 indoor dining rooms, 2 patios, and 2 kitchens. The Lake Effect Diner is 2,600 square feet with a capacity of 50 and potential for an additional 80 included in a design plan for an addition (blueprints available).
The Lake Effect Diner is, in part, a vintage, 1952 Mountain View Diner that was transported from Wayne Pennsylvania in 2001. The Vintage diner is the dining room while a new building was constructed that includes a large kitchen and full basement making up 2 stories of cooking, prep, and baking space. The Lake Effect Diner has been featured on the Food Networks "Diners, Drive-Ins and Dives" twice, including recently in 2025. Both buildings are newly updated, over equipped, and meticulously maintained. The property includes a 600 square foot garage (20x30), and two sheds. If separated the list price for the Steer is $1,650,000 and for the Lake Effect Diner $975,000. Both restaurants will remain open until they are sold and closed.
The Lake Effect Diner is, in part, a vintage, 1952 Mountain View Diner that was transported from Wayne Pennsylvania in 2001. The Vintage diner is the dining room while a new building was constructed that includes a large kitchen and full basement making up 2 stories of cooking, prep, and baking space. The Lake Effect Diner has been featured on the Food Networks "Diners, Drive-Ins and Dives" twice, including recently in 2025. Both buildings are newly updated, over equipped, and meticulously maintained. The property includes a 600 square foot garage (20x30), and two sheds. If separated the list price for the Steer is $1,650,000 and for the Lake Effect Diner $975,000. Both restaurants will remain open until they are sold and closed.
Property Facts
| Price | $2,490,000 | Number of Properties | 2 |
| Price / SF | $128.79 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 19,334 SF |
| Status | Active | Total Land Area | 0.66 AC |
| Price | $2,490,000 |
| Price / SF | $128.79 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 19,334 SF |
| Total Land Area | 0.66 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Lake Effect Diner
3165 Main St, Buffalo, NY 14214 |
Specialty | 9,667 SF | 1954 | - |
|
The Steer
3149 Main st, Buffalo, NY 14214 |
Specialty | 9,667 SF | 1954 | - |
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3149-3165 Main Street
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