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On the Market: 743 Main Street

The largest undeveloped building in the 700 block of Main Street is still for sale, three years after it was listed in February 2007.  The asking price for 743 Main Street has been dropped $100,000 to an even $1 million.  The three-story building contains 33,000 sq.ft. of space and is the longtime home to DC Theatricks and former location of Rick Cycle Shop that to Allentown in 2008.

According to the listing, the Main Street section of the property has 6,600 sq.ft. floors with 12′-15′ ceiling heights and a full basement. The Washington Street portion is one-story with approximately 6,400 sq.ft. and is clear span with a 28′ domed ceiling that could be converted to indoor parking.

Current owner Nathan Associates LLC purchased the property in July 2003 and had announced plans to convert the upper floors into eight loft-style apartments and open a 400-seat theater in the Washington Street side of the building. Renovation of the property was put on hold when Nathan Associates investor Rohit Kapoor took over management of the Tralfamadore Café in late 2003 and ran into financial and operational problems.

Two-way traffic was returned to the 700 block last year.  Neighboring properties have been restored in recent years including five buildings by Chris Jacobs.  Ansonia Centre and The Sidway residential buildings anchor each end of the block that links the Theater District to the Allentown and the Medical Campus neighborhoods.

Get Connected: Len Koch, Hastings Cohn Real Estate, 716-886-3325

Written by WCPerspective

WCPerspective

Buffalo and development junkie currently exiled in California.

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