539 Niagara St Buffalo, NY 14201

Property Details for 539 Niagara St

Property size

11,800 SF

Property type

Commercial real estate

Description

This exceptional redevelopment opportunity presents two adjoining buildings totaling 11,800 square feet on Niagara Street in Buffalo, NY. Building 1 comprises six existing apartments, three currently rented and three vacant, offering approximately 4,200 square feet (approximately 1,400 square feet per floor). Building 2 is a fully gutted structure with the potential for eight additional apartments, encompassing 5,904 square feet (approximately 2,200 square feet each on the first two floors and approximately 1,600 square feet on the third floor). The property is classified as a C-class multifamily investment and is listed for $425,000, or approximately $36.02 per square foot and $30,357.14 per unit. The property's prime location is two short blocks from D'Youville University, a thriving institution with significant ongoing development, including a recently announced $154 million medical school expansion. It's also within close proximity to the Buffalo Niagara Medical Campus, featuring the University at Buffalo's School of Medicine and major hospitals like Roswell Park Cancer Center. The property benefits from its location near Lake Erie and the Niagara River, two world-class waterfront parks (including the $110 million Ralph Wilson Park redevelopment), and major transportation arteries, including I-90 and the Peace Bridge. This presents a unique chance to capitalize on the area's rapid appreciation and substantial public and private investment. Note that an adjacent vacant lot (28' x 132') is owned by a related party and is available for separate purchase. This is a For Sale By Owner listing.

Location Insight

City

Buffalo

County

Erie

State

New York

Longitude

-78.889524687819

Latitude

42.898526998803