Restored Mixed-Use Building with
For Sale
$899,999
65 Grant St, Buffalo, NY 14213
Classic mixed-use building with retail and residential units in Buffalo.
Property SizeContact for details
Lot Size0.13 Acres
Days on Market240
Property Features for 65 Grant St
General Information
Standard status
Active
Lot size
0.13 Acres
Taxes and HOA fees
Annual Taxes
$6,675
Listing Agency:
CRE Global LLC
Listed By:
Gary J DeCarlo
(716) 892-5100
Source:
Exprealty
Added: Jan 26
Changed: Sep 21
Last Checked: Sep 22 at 8:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CRE Global LLC
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,134
Businesses Nearby
Explore this area
Business Placement
Demographics for 14213, NY
25,834
Population
11,397
Households
2.3
Avg Household Size
30
Median Age
36%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
13,597
Density / Sq Mi
$52,597
Median Household Income
$36,084
Median Earnings
$1,059
Median Rent
$192,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
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 $899,999.
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.
