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Listing 8 out of 69
$1,600,000 A-Active

85 West Chippewa Street
Buffalo, NY 14202

5 units |
7,160 sq ft;
lot: 2988 sq ft
Commercial: Commercial - MLS# B1186813
Property Photo
1/25

Description

Turn Key MONEY MAKER! Mixed use building fully tenanted. 4 apartments & very long term restaurant/bar with leases in place. Restaurant is 3N lease. Located in high traffic area downtown & steps from 4 major hotels (Westin, Hyatt, Embassy Suites & Hampton Inn), as well as Delaware North (multi-billion headquarters mixed use building) & the Avant (mixed use tower offices, luxury residence & hotel). Located on Chippewa St. (well known nightlife area). No shortage of traffic here. Entire 3rd floor brand new (electric, plumbing and 2 new apts with very nice finishes). Brand new roof just completed. Multiple upgrades in the building. Electric - new line to building, interior lines, meters/boxes; plumbing- galvanized pipes replaced with pvc on 1st & 2nd floors & from building to sewer. Everything up to current fire code. Separate meters for all apts. Income producing building. Great Location. Great Cap Rate

Features

  • Property Type: Commercial
  • Sub Type: Commercial
  • Listing Status: A-Active
  • County/Area: Erie County
  • Zip Code: 14202
  • Year Built: 1910
  • School District: Buffalo
  • Sq.Ft.: 7,160 sq ft
  • Stories: 3-Story
  • Units: 5 units
  • Lot Size: 2988 sq ft
  • Zoning: c
  • Category: Apartments, Commercial, Mixed Use
  • City Neighborhood: Downtown
  • City Village Tax: 2140
  • Construction: Brick
  • Directions To Property: Delaware To Chippewa
  • HVAC Type: Forced Air
  • Heating Fuel Description: Gas
  • Incomeexpense Information: Provided By Owner
  • Living Quarters Description: Apartment
  • Living Quarters YN: Yes
  • Location: Business District
  • Lot Dimensions Depth: 116
  • Lot Dimensions Frontage: 25
  • Lot Number: 11
  • Nearest Cross Street: Delaware
  • Number Of 1 Bedroom Units: 1
  • Number Of 2 Bedroom Units: 1
  • Number Of Buildings: 1
  • Number Of Leases: 5
  • Number Of Studio Units: 2
  • Operating Expenses Include: Other - See Remarks
  • Public Transportation: 1-2 Blocks
  • Roof Description: Flat, Rubber Membrane
  • Sale Includes: Building Only
  • School Tax: 2140
  • Sewer Water: Public Sewer Connected
  • Total Stories: 3
  • Total Taxes: 5421
  • Town County Tax: 1141
  • Transaction Type: Sell
  • Type Of Building: Bar/Tavern, Other - See Remarks, Residential
  • Village: Not Applicable
  • Year Built Description: Existing
Courtesy of Keller Williams Realty Buffalo Northtowns

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David W. Young, President/Broker

CORPORATE HEADQUARTERS:
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Seneca Falls, NY  13148
Phone: (315) 568-5282
Fax: (315) 568-4180

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