Restored Mixed-Use Building with Apartments

65 Grant St, Buffalo, NY 14213

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For Sale

$989,000

Classic mixed-use building with retail and residential units in Buffalo.

Lot size:

0.13 Acres

HighLights

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.
Spacious 3‑bedroom apartments with in‑unit laundry, central air conditioning, updated bathrooms, newer flooring, kitchens, and appliances.
Updated windows and electric service throughout the building, along with newer furnaces and water tanks, ensuring modern functionality.
Centrally located in Buffalo, with close proximity (5‑minute drive) to the Peace Bridge to Canada and high traffic with ample street parking.

We can help!

Listing Contact

Julie C Iannello

For Sale

$989,000

Classic mixed-use building with retail and residential units in Buffalo.

Lot size:

0.13 Acres

Added:: Apr 10, 2025
Days on Market:: 434
Last Refresh:: Jan 20 at 8:35 am

Property Features for 65 Grant St

General Information

Standard status: Active
Lot size: 0.13 Acres

We can help!

Listing Contact

Julie C Iannello

Listing agent Julie C Iannello License #10401248663

Listing office Recckio R.E. & Development, Inc

Listing date Apr 10, 2025

Source Exprealty

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All listing content including descriptions, pricing, images are the copyrighted material of Recckio R.E. & Development, Inc

HighLights

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.
Spacious 3‑bedroom apartments with in‑unit laundry, central air conditioning, updated bathrooms, newer flooring, kitchens, and appliances.
Updated windows and electric service throughout the building, along with newer furnaces and water tanks, ensuring modern functionality.
Centrally located in Buffalo, with close proximity (5‑minute drive) to the Peace Bridge to Canada and high traffic with ample street parking.

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Buffalo
County: Erie
State: New York
Longitude: -78.8902
Latitude: 42.9158

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For sale
Mixed-use properties
NY
Buffalo
14213
65 Grant St

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.