305 Franklin Street

Buffalo, NY, 14202

$1,300,000

$1,300,000
Active
Active
 - For Sale
property_type
Land
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® ID:
B1455291
Listed:
2/12/23
Updated:
3/25/23
Buffalo Real Estate
Michael Silbak
Mobile: (716) 340-4848Email: msilbak@gmail.com

Exterior/Building Features

Lot Size
8,662 ft² lot
Exterior Features
Blacktop Driveway, None, Other, See Remarks
Lot Details
Other, See Remarks, Cleared, Level
Sewer
Storm Sewer

School Information

High School
Buffalo
Elementary School
Buffalo

Other Property Details

Area Name
Buffalo City-140200
Taxes
$3365
Tax Frequency
per YEAR
Association Amenities
Curbs, Sidewalks
Garage
No
Parking
Driveway
View
N
County
Erie
Utilities
Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available
Pool
No
Sub Agency Compensation
2
Buyer Agency Compensation
2
Transaction Broker Compensation
2

 

Courtesy of Keller Williams Realty WNY, Nicholas Giambra

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Data last updated 2:34 AM UTC, 3/25/23

Buffalo Real Estate
Michael Silbak
Mobile: (716) 340-4848Email: msilbak@gmail.com
Contact