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Opportunity Knocks: 1294 Niagara Street

A circa-1914 former factory building has come up on the market. This 67,331 SF, two-story, fourteen bay, brick masonry building could be (another) game changer for Niagara Street – a street that is in the midst of reinventing itself big time. This particular building has massive street frontage appeal, and possesses an atrium and courtyard.  Ellicott Development is selling the property after purchasing it for $2.375 million in 2016.

1294 Niagara Street is primely situated, a couple of doors down from Ciminelli’s mixed-use Mentholatum building, and next door to a future location for Campus Wheelworks. Needless to say that this prime commercial corridor is poised to be a real boon for the ped-bike movement once the Niagara Street Now infrastructure is in place.

We’ve already seen on numerous occasions that businesses are willing to invest on Niagara Street. Examples include Bootleg Bucha, Company B, Resurgence Brewery, and a number of smaller mom ‘n’ pop shops. And this corridor that connects Black Rock (Amherst Street) to the West Side will one day be the future home of the West Side Bazaar.

Currently, the building – originally home to Sowers Manufacturing Company – is 38 percent leased. It would be great to see some more residential (mixed-use) conversions along this stretch.

Asking price: $3,400,000 ($50/SF)

Get connected: LoopNet

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, Buffalo Porchfest, and Paint vs. Paint. Founder of The Peddler retro and vintage market on Elmwood. Instigator behind Liberty Hound @ Canalside. Throws The Witches Ball at Statler City, the Hertel Alley Street Art Festival, and The Flutterby Festival.

Contact Newell Nussbaumer | Newell@BuffaloRising.com

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