$270,000
$299,900
10.0%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
7,731 SqFt
SOLD DATE : 02/12/2025
Key Details
Sold Price $270,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 7,731 sqft
Price per Sqft $34
MLS Listing ID B1550066
Sold Date 02/12/25
Bedrooms 3
Construction Status Existing
HOA Y/N No
Year Built 1925
Annual Tax Amount $7,774
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 65X132
Property Sub-Type Commercial
Property Description
Exciting opportunity to be part of the transformational redevelopment of Niagara St! Very large (7,731 total sq ft), brick, mixed-use investment property with reliable cash flow. Sale includes two buildings (540 Niagara St & 544 Niagara St). Property consists of: two storefront businesses (one barbershop, one restaurant/bakery, both well established & successful); a three bedroom townhome (tenant occupied); a partially gutted two bedroom townhome; and a two bedroom upper apartment (vacant). Separate utilities. Full, dry basement. Driveway, two car detached garage, & additional parking in the rear. Property is centrally located between downtown, Peace Bridge into Canada, Buffalo Niagara Medical Campus, D'Youville College, Allentown, & Elmwood Village. Close proximity to major thru-way systems. Current gross annual income $55,800. With renovation of the partially gutted townhome & leasing of the vacant two bedroom upper apartment, potential gross annual income $85,800.
Location
State NY
County Erie
Area Buffalo City-140200
Direction On the west hand side of Niagara St, between Pennsylvania Ave & Jersey St
Rooms
Basement Full
Interior
Heating Gas, Forced Air, Radiant
Flooring Carpet, Hardwood, Varies
Fireplace No
Appliance Gas Water Heater
Exterior
Exterior Feature Blacktop Driveway
Community Features Other, See Remarks
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt,Membrane,Rubber
Building
Lot Description Residential Lot
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Brick,Block,Concrete
Construction Status Existing
Schools
School District Buffalo
Others
Tax ID 140200-110-270-0003-009-000
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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