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.
MLS #:B1455291
Details
Updated on April 5, 2023 at 12:00 am- Property ID: B1455291
- Price: $1,300,000
- Acres: 0.199
- Property Type: Lots, Land, Farms and Seasonal/Camps
- Property Status: For Sale
Additional details
- Type: Building Lot, Other - See Remarks
- Numof Acres: 0.1989
- List Price: 1300000.00
- Mls Number: B1455291
- Street Number: 305
- Postal City: Buffalo
- City: Buffalo
- Village: Not Applicable
- State Or Province: NY - New York
- Postal Code: 14202
- County Or Parish: Erie
- School District Name: Buffalo
- Status: A-Active
- Typeof Sale: Normal
- Nearest Cross Street: E Tupper Street
- Latitude: 42.892774
- Longitude: -78.874096
- Possible Financing: Cash, Commercial Loan, Conventional, VA
- Ratio List Price By Acres: 6535947.71
- City Village Tax: 1406
- School Tax: 1211
- Town County Tax: 748
- Total Taxes: 3365
- Buildings Structures: None, Other - See Remarks
- Driveway Description: Blacktop, Parking Area
- Land Features: Clear Lot, Other - See Remarks
- Lot Dimensions Depth: 115
- Lot Dimensions Frontage: 75
- Lot Information: Commercial Zoning
- Road Frontage: City
- Waste Disposal: Sewer Available
- Water Supply: At Street
- Utilities Available: Cable, Electric, Gas, High Speed Internet, Sanitary Sewer, Storm Sewer, Telephone, Water
- Utilitieson Site: Other - See Remarks
- Property Type: Lots, Land, Farms and Seasonal/Camps
- Available Documents: Other - See Remarks, Survey
- Dom: 51
- Directionsto Property: Located on Franklin Street between Dinosaur BBQ and Aloft Hotel. Directly behind Taproom.
Address
Open on Google Maps- Address 305 Franklin Street
- City Buffalo
- Zip/Postal Code 14202
- Country United States
Overview
- Lots, Land, Farms and Seasonal/Camps
- 0.199
Mortgage Calculator
- Principal & Interest
- Property Tax
- Home Insurance
- PMI
Walkscore
What's Nearby?
- Arts & Entertainment
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Aloft Buffalo Downtown (0.03 mi)
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Babeville (0.07 mi)
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Public Art - Unknown Mural (0.07 mi)
- Local Flavor
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Old Man River (8.54 mi)
- Nightlife
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Pour Taproom (0.04 mi)
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Wxyz Bar (0.03 mi)
-
Vice (0.04 mi)
