65 Grant St Buffalo, NY 14213
Classic mixed-use building with retail and residential units in Buffalo.
Lot size:
0.13 AcresProperty Features for 65 Grant St
General Information
- Standard status
- Active
- Lot size
- 0.13 Acres
Source:
Exprealty
Listing Agency: Recckio R.E. & Development, Inc Listing Agent: Julie C Iannello
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Restored Mixed-Use Building with Apartments
This classic building was restored and updated 10 years ago. It features three storefronts, two of which are occupied by a salon, with long-term tenants. Additionally, there are four apartments on the second floor, each containing three bedrooms, in-unit laundry, and central air conditioning. The apartments have updated bathrooms, newer flooring, kitchens, and appliances. The Assemblyman's office occupies one of the storefronts and has three years remaining on a 10-year lease. This professionally designed space includes six offices, a kitchenette, a conference room, a lobby, and two bathrooms. The salon space is bright and offers seating for guests with room to expand. Updated windows and electric service are present throughout the building. A large basement houses newer furnaces and water tanks for all units, with access through the rear and the salon. Each side of the basement has a sump pump. All tenants have separate utilities. Two apartments have been recently refreshed and are ready for occupancy. The property is centrally located in Buffalo, with close proximity (5-minute drive) to the Peace Bridge to Canada. It benefits from high traffic and ample street parking. The projected cap rate with full occupancy is 9.07%, with potential to increase.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8902471
- Latitude
- 42.9158483
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Classic mixed-use building with retail and residential units in Buffalo.
Where is this mixed-use property located?
The property is located at 65 Grant St Buffalo, NY.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: - Projected 9.07% cap rate with potential to increase, offering a strong investment opportunity.; - Turn-key property with a mix of commercial (3 storefronts) and residential (4 apartments) units, providing diversified income streams.; - Strong, long-term tenants in place, including a professionally designed Assemblyman's office with 3 years remaining on a 10-year lease.