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