Share, , , Google Plus, Reddit, Pinterest, StumbleUpon

Print

Posted in:

Record Theatre Portfolio Up for Grabs – Three Investment Opportunities At Hand

Three significant Main Street buildings are currently for sale. The buildings are all part of the former Record Theatre real estate portfolio.

This past December, the entire portfolio went up for auction, but the owner didn’t get the value that they wanted, according to Todd P. Danni, Associate Real Estate Broker at Hanna Commercial Real Estate. Instead, Danni broke up the parcels. “The buildings are very different – selling them individually might appeal to smaller investors  and different uses,” he said.

There is an incredible opportunity to transform these buildings into significant parcels that add value to other nearby developments. The corner of Main Street and Lafayette is close to Lancaster Square, as well as Canisius College. It’s also on the Metro Rail route, and not far from the Medical Campus.

The facades of a couple of these buildings need a major overhaul – it would be interesting to see what lies beneath the surface.


1786 Main Street – see listing

Built 1910 – $750,000

  • Approximately 25,000 Sq. Ft. with 2 Story Open Lobby and Tons of Open Space
  • On Metro Rail route
  • OfficeLoft Creative Space
  • Flex Showroom
  • Plenty of Opportunity to Redevelop
  • Side Parking Lot Plus On Street Parking
  • High Traffic Area Near Newer City Projects
  • FlexLight Distribution
  • Additional Parking Lot & Surrounding Bldgs at 1762 Main and 1040 Lafayette also for sale


Click to enlarge

1762 & 1766 Main streetsee listing

Built 1965 – $325,000

  • FlexLight Distribution
  • Office Residential
  • Gross Leasable: 14,260 SF
  • Smaller Building in rear is 2808 Sqft all Block (below right)
  • Main building is currently mixed use, retail, office and apartments
  • Side parking lot is available for additional parking but will be divided up with sale of 1786 Main Street
  • Can be sold as a package with 1040 Lafayette, and 1786 Main street
  • On Metro Rail route


Click to enlarge

1040 Lafayette – see listing

  • Built 1900 – $150,000
  • Brick building with apartment on the second floor
  • Building needs some roof repairs
  • 5,470 SF
  • On Metro Rail route
  • Close to Canisius College and Lancaster Square
  • High Traffic Area Near Newer City Projects

Get connected: Todd P. Danni | Associate Real Estate Broker @ Hanna Commercial Real Estate | (716) 465-1282

Written by queenseyes

queenseyes

Newell Nussbaumer is 'queenseyes' - Eyes of the Queen City and Founder of Buffalo Rising. Co-founder Elmwood Avenue Festival of the Arts. Co-founder Powder Keg Festival that built the world's largest ice maze (Guinness Book of World Records). Instigator behind Emerald Beach at the Erie Basin Marina. Co-created Flurrious! winter festival. Co-creator of Rusty Chain Beer. Instigator behind Saturday Artisan Market (SAM) at Canalside. Founder of The Peddler retro and vintage market. Instigator behind Liberty Hound @ Canalside. Throws The Witches Ball at Statler City, and the Madd Tiki Winter Luau. Other projects: Navigetter.

Contact Newell Nussbaumer | Newell@BuffaloRising.com

View All Articles by queenseyes
Hide Comments
Show Comments