3149 Main Street
Buffalo, NY, 14214 $ 2,490,000
Bedrooms-- Baths-- Sq 9,667 Monthly Estimate*
$ 15,534
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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FeaturesGeneralSewer 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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InteriorBasement 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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ExteriorParking 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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* Excluded FeaturesList ByGurney Becker & BourneBroker
Affordability Calculator
- 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.
Learn more about how to save NearbyCommerical listings in Buffalo, NY
Average List Price $685,272
Percent of Sale Price 72%
About Buffalo, NY 257,543 Population
-12% Since 2002
$ 34,439 Median Income
35.65 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
246920 Elementary School
247190 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/23/2025 | $2,490,000 | | Listed Price |