1294-1300 Niagara Street

About

Positioned directly on Niagara Street, 1294-1300 Niagara offers [±67,331 SF] of flexible commercial space in the heart of the Upper Black Rock / Grant-Ferry-Forest district. Built in 1914 as the factory for the Sowers Manufacturing Company, the two-story, fourteen-bay brick masonry building is simply detailed, with brick piers that extend beyond the parapet to define each bay. The property has since served institutional users, including a community health care facility, and its layout adapts well to medical, office, professional services, or mixed-use conversion.

Niagara Street has drawn significant developer attention in recent years, with major investment in neighboring industrial and mixed-use rehabilitation projects. Buyers and tenants get a front-row position in a corridor that keeps gaining momentum, with strong street visibility and daily traffic along a main route connecting downtown Buffalo, the waterfront, and the Black Rock neighborhood.

Four features set this offering apart. The property is located in an Opportunity Zone, offering potential tax advantages for qualifying investors, and it is eligible for state and federal Historic Tax Credits, which can significantly improve the economics of rehabilitation. The sale includes a ±24-space surface parking lot at 1297 Niagara / 140 Gelston Street, which solves a common challenge for medical, office, and service users. Finally, the City of Buffalo is looking to build a pocket park at 1318 Niagara Street, on the adjacent parcel, a public improvement that should enhance the setting and appeal of the property.

Building Size

• 67,331 SF
• 2-Story
• Full Basement

Property Highlights

• Prominent frontage and signage opportunity; owner-user, investor, or redevelopment potential
• Opportunity Zone: Located in an Opportunity Zone (investors should consult their tax advisors on eligibility)
• Historic character: Former Sowers Manufacturing Company factory, built 1914; two-story, fourteen-bay brick masonry construction
• Historic Tax Credits: Eligible for state and federal Historic Tax Credits (confirm requirements with a qualified consultant)
• Prior institutional/medical use, with a floor plan suited to health care, office, or service tenants
• Parking: ±50-space surface lot on the lower level and a±24-space surface lot at 1297 Niagara / 140 Gelston Street included in the sale
• Pocket park: City of Buffalo looking to build a pocket park at 1318 Niagara Street, on the adjacent parcel
• Located within an area with historic redevelopment and preservation interest, which may open the door to incentive programs (confirm eligibility)
• Close to Route 190, the Niagara Street bus corridor, and Buffalo’s waterfront