462 Genesee St Buffalo, NY 14204

Property Details for 462 Genesee St

Lot size

0.15 lot acres

Property size

10,054 SF

Property type

Commercial real estate

APN

111.33-1-12

Description

This exceptional mixed-use property at 462 Genesee Street in Buffalo, New York, presents a compelling investment opportunity. The three-story, Class B building boasts a total of 10,054 square feet situated on a 0.15-acre lot (APN 111.33-1-12). The property is zoned N-400 and features five units, offering a price per unit of $76,000 and an overall asking price of $380,000 ($37.80 per square foot). The building's versatile design includes a first-floor commercial space, easily adaptable for office, warehouse, or storage uses. Above the commercial space are four residential units. This corner location provides convenient access to Downtown Buffalo and the Central Business District, with easy connections to Route 33 and the I-90 Thruway. The property has a history of operation as a not-for-profit entity. The anticipated occupancy date is August 14, 2024. This is a ground lease-free opportunity. This property is ideal for investors seeking a blend of commercial and residential income streams in a thriving urban setting. The building's strong location and flexible layout offer significant potential for future growth and value appreciation.