3149 Main Street Buffalo, NY $ 2,490,000
3149 Main Street
$ 2,490,000
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3149 Main Street

Buffalo, NY, 14214
$ 2,490,000
Bedrooms-- Baths-- Sq 9,667

Monthly Estimate*

$ 15,534

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Commercial Property for sale in Buffalo, NY

for $2,490,000. This 9,667 square foot building was built in 1954 on a lot size of 0.6265.

3149-3165 Main Street comprises two restaurant buildings on one property, including more than fifty parking spaces, in the University District, a half mile from UB South Campus. "The Steer" and "Lake Effect Diner" have been long established restaurant brands and locations for decades. Although the two restaurants share a property, they can be separated. The property is over a half-acre in size, The Steer is approximately 7,100 square feet with an indoor capacity of 235 and an additional 80 patrons on the two patios. The Steer is a two-story building with a full basement, three bars (1st floor, 2nd floor, 2nd floor patio), 2 indoor dining rooms, 2 patios, and 2 kitchens. The Lake Effect Diner is 2,600 square feet with a capacity of 50 and potential for an additional 80 included in a design plan for an addition (blueprints available). The Lake Effect Diner is, in part, a vintage, 1952 Mountain View Diner that was transported from Wayne Pennsylvania in 2001. The Vintage diner is the dining room while a new building was constructed that includes a large kitchen and full basement making up 2 stories of cooking, prep, and baking space. The Lake Effect Diner has been featured on the Food Networks "Diners, Drive-Ins and Dives" twice, including recently in 2025. Both buildings are newly updated, over equipped, and meticulously maintained. The property includes a 600 square foot garage (20x30), and two sheds. If separated the list price for the Steer is $1,650,000 and for the Lake Effect Diner $975,000. Both restaurants will remain open until they are sold and closed.

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Commercial Active

Price

$ 2,490,000

Property Type

Commercial

Taxes

$ 23,112

Style

Business

Lot Size

0.6265

Year Built

1954

Town/City

Buffalo

County/Region

Erie

MLS | Web ID

B1639897

Features
General
Sewer PublicSewer
Heating Gas ForcedAir
Cooling CentralAir
Utilities ElectricityConnected SewerConnected
Possession CloseOfEscrow
Roof Asphalt Membrane Rubber
Zoning N-3C
Construction Materials BlownInInsulation Brick Block Masonry Other Concrete SprayFoamInsulation
School District Buffalo
Year Built 1954
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype Business
County Erie
Property Type CommercialSale
Possible Use Restaurant
Status Active
City Buffalo
High School District Buffalo
Zoning Description Business
Number Of Units Total 2
MLS Area Buffalo City-140200
Lot Size Units Acres
Lot Size Square Feet 27289.0
Year Built Details Existing
Tax Annual Amount 23112.0
Property Condition Resale
Lease Considered Y/N No
Standard Status Active
Middle/Junior School District Buffalo
Elementary School District Buffalo
Tax Assessed Value 1180000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 22
Property Sub Type Additional Business Office Retail Commercial
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Interior
Basement Full
Flooring Concrete
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features OnSite Surfaced
Lot Features IrregularLot
Total Parking 45.0
Inclusions Land and Building Land Building and Business
Lot Size Area 0.6265
Number of Buildings 2
Building Area Total 9667.0
Lot Dimensions 161X383
Lot Size Acres 0.6265
Waterfront Y/N No
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Internal Only
Street Number 1 3149
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* Excluded Features
List By
Gurney Becker & Bourne

Broker

(716) 335-2227

Phone

Affordability Calculator

$17,460
Per Month
89%
11%
0%
Monthly Principal & Interest
$15,534
Monthly Property Taxes
$1,926
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
246920 Elementary School
247190 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/23/2025$2,490,000 Listed Price

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3149 Main Street, Buffalo, NY, 14214 is a Commercial Property for sale at $2,490,000 with 9,667 sqft and a lot size of 0.6265. 3149 Main Street was built in 1954. The property's zip code is 14214 which is in Buffalo, NY