Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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