Looking to own a piece of Main Street in the heart of downtown and potentially take advantage of historic preservation tax credits? Two of Hunt Commercial agent Chris Malachowski's listings in the 400 and 500 blocks of Main Street have newly reduced prices.
537 Main Street, a three-story historic building facing Roosevelt Plaza and the Hyatt Regency hotel, has been reduced from $360,000 to $295,000. It was the long-time home of an Arby's and most recently Grever's Florist. The 7,000 sq.ft. building has 2,275 sq.ft. of ground floor space. The property owner has decided to sell rather than carry out a renovation project. A $50,000 grant obtained through National Grid for renovation work is available to a new owner.
The strategically located building is near Roger Trettel's Cornucopia redevelopment project at 523 Main. Cornucopia will feature a mix of retail, commercial loft and residential space. It will be anchored by the Golden Cup Café. Trettel's pioneering project will be reviewed by the Planning Board on Tuesday.
Closer to Lafayette Square, 472 Main Street/283 Pearl Street, located on the west side of Main between the former Courtyard Mall and former Hens & Kelly's Department Store, have been reduced in price from $480,000 to $425,000. The connected buildings offer a total of 40,000 sq.ft. of space.
Upper floors facing Main have amazing terra cotta detailing, though a previous 'remodeling' didn't do the building's lower facade any favors. Sizes for All and Royal Photo Lab occupied the ground floor for some time. The first floor space now has the Downtown Food Mart and Fashion Express as tenants (thank you urbanboarder). Upper floors are ideal for conversion to office or residential space.
Get Connected: Chris Malachowski, 716.880.1914
Good luck with selling or redeveloping the buildings near the former Courtyard Mall. Paladino shot himself in the foot when he chose to lease the ground floor to the NY Probation/Parole Department. Now you see all sorts of bums hanging out in front of that building and the former Baker shoes next door waiting to meet with their PO. There may also be a holding cell. At least when they used to be in the Donovan Building they were outside of the CBD now they are in the heart of it. I remember reading a quote from Paladino in the News or Business First where he complained about the eyesores of the 500 block opposite his LL Berger rehab. Pennywise and pound foolish! A little further down are the overly aggressive panhandlers in front of CVS. This block has many interesting building but badly needs to be cleaned up.
I hate walking past the former Courtyard Mall. You're right, it just has all the strangest charactors downtown from CVS right to THIS Building standing in front begging for change, yelling at the girls, creeping around the doorways and the Lafayette Station harrasing people getting on and off the train. THIS makes a bad impression to anyone coming downtown, THIS is the block that makes all of Buffalo look GHETTO. I want to see Mayor Urker WALK this block at least once during his term too see that we have a problem on Main Street. I want to see the COPS get out of their cars and WALK Main Street for a change. True, you may see them standing around Fountain Plaza when school lets out, but what about Main & Court? the 400 Block??? This is where the CRAZIES hang out (Kids and Adults).