Company Profile: 810 Main Street
Background
810 Main Street is a distinctive property located in Buffalo, New York, offering a unique blend of retail, office, and light manufacturing spaces. Situated at the intersection of Allentown, the Buffalo Niagara Medical Campus, and Downtown Buffalo, the property boasts high visibility and easy access from Route 33 and I-190. The main building is a four-story structure with 8,000 square feet of retail-ready office space, complemented by a 5,000-square-foot warehouse suitable for light manufacturing or specialized storage. An adjacent 0.23-acre lot provides parking for approximately 28 vehicles and is eligible for redevelopment tax credits under the New York State Brownfield Cleanup Program.
Key Strategic Focus
The property's strategic focus is to serve as a versatile space accommodating various business needs, including retail, office, and light manufacturing. Its prime location near the Buffalo Niagara Medical Campus and Downtown Buffalo positions it to attract a diverse tenant base. The recent comprehensive renovations, including new roofs and mechanical systems, enhance its appeal to potential tenants seeking modern facilities.
Financials and Funding
The property is currently listed for sale, with an asking price of $2,795,000. The owner offers flexibility, providing the option to purchase the property vacant or arrange a leaseback for their offices on the third floor. This flexibility caters to both investors and owner-occupants, enhancing the property's marketability.
Pipeline Development
The property is currently 100% leased, with tenants such as Legacy Building Co LLC and Image occupying the space. The owner is open to providing the property vacant or arranging a leaseback for their offices on the third floor, offering potential for future development or reconfiguration to meet market demands.
Technological Platform and Innovation
The property has undergone significant technological upgrades, including the replacement of all critical building systems—HVAC, plumbing, electrical services, and fire protection systems—between 2020 and 2021. The warehouse is equipped with climate control, heating, and a gas detection system that permits indoor parking, while a comprehensive camera system secures both indoor and outdoor areas.
Leadership Team
The property is managed by Schneider Real Estate Services, a reputable firm specializing in commercial real estate in the Buffalo area. The team is led by Matt Hartrich and Caitlin Coder, who are responsible for the property's marketing and leasing efforts.
Competitor Profile
- Market Insights and Dynamics: The Buffalo commercial real estate market is characterized by a mix of historic and modern properties, with a growing demand for versatile spaces that can accommodate various business needs.
- Competitor Analysis: Key competitors include other mixed-use developments in the area, such as the Seneca One Tower and the Avant Building, which offer similar amenities and proximity to the Buffalo Niagara Medical Campus.
Strategic Collaborations and Partnerships
The property's location near the Buffalo Niagara Medical Campus and Downtown Buffalo provides opportunities for strategic collaborations with medical institutions, educational facilities, and businesses in the area, enhancing its appeal to a diverse tenant base.
Operational Insights
The property's strategic location, comprehensive renovations, and flexible leasing options position it favorably in the market. Its proximity to major highways and the Buffalo Niagara Medical Campus enhances its accessibility and attractiveness to potential tenants.
Strategic Opportunities and Future Directions
Future opportunities include leveraging the property's eligibility for redevelopment tax credits to attract tenants seeking modern facilities. Additionally, the owner can explore partnerships with local businesses and institutions to enhance the property's value and appeal.
