Jul 18, 2014

Building with Endless Possibilities Hits the Market in Hamlin Park

Here's an exciting opportunity in Hamlin Park. A former factory building at 170 Florida Street (google map) is on the market and its location within the historic district entitles the rehabilitation of the building to be eligible for historic tax credits. It’s centrally located within the city and the proximity to Main Street, Canisius College, Metro Rail, and the Expressway are huge selling points.
The listing says the building clocks in over 46,000 square feet and with its open floor plans it could be converted for a variety of different uses including residential mixed use like many others have been converted in recent years.
The sale includes the various out buildings and the frontage extends all the way to Jefferson Avenue providing ample parking and opportunity for creative infill development. A linear park owned by the City of Buffalo behind the building could be a great amenity as well with some work. The owner is asking $750,000, but it seems like there is room for negotiation. Here’s a link to the listing.
The former George A. Otis Bed Manufacturing building was built in several phases, the oldest being the two and a half story concrete portion dating to c.1911. The two-story brick and tile buildings were built between 1923 and 1925. There were several other additions and outbuildings created over the following decades.
Originally the company was incorporated as the N.P. Chaney Company founded in the 1880s. As a Buffalo Courier article of 1912 explains the company, “has now been incorporated for the purpose of handling the constantly increasing business, growing from a small mattress factory to one of the largest plants in New York State.”
The factory was later used to produce plastic products during WWII by Bernard Oshei, the brother of John Oshei, the founder of Trico. It was used by several different manufacturers after Bernard’s death in 1948 including DuBois Plastics and Fibron Products before the last company went bankrupt and the building was sold.

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