Sold
365 Connecticut Street
Buffalo NY, 14213
$900,000
$101.06 per sqft
Sold
8,906 sqft
Commercial
Built in 1900
Incredible investment opportunity in thriving West Side of Buffalo. This mixed-use, mostly brick commercial property has abundant cash flow possibilities. Ideal location close to I-190 and Canada, walking distance to shops, restaurants & conveniences. Turnkey, top notch restaurant space, outdoor restaurant garden/patio with seating, 1 retail space, 4 residential apartments, consisting of 2 two bedroom and 2 one bedroom units and 2 lots. Combined parcels create a remarkable 15,922 sq ft of development opportunity. The restaurant space has been completely reconstructed with $600K+ worth of improvements including: 3 phase electric at the pole, new electric, new water main, new gas line, plumbing, asbestos abatement, hot water, HVAC, hood systems, state of the art kitchen, 3 walk-in coolers, 1 walk-freezer, LED lighting, repair work on rubber roof, new metal roof, 31x42 addition, fencing, lot drainage and landscaping, front windows, patio.This is a fantastic restaurateur opportunity to run your business and develop the residential and retail space to cover your debt service. In addition, this would make a fantastic addition to any real estate portfolio! Proforma is attached.
B1410934
MLSⓇ ID
June 3, 2022
Listed
February 16, 2024
Updated
Map
365 Connecticut Street
Buffalo NY, 14213
Interior Features
Total Stories
3
Floor Description
Concrete, Hardwood, Linoleum, Varies, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Gas, Zoned, Forced Air
Exterior/Building Features
Lot Size
0.26 Acres
Roof
Membrane, Metal, Rubber
Sewer
Public Sewer
School Information
School District
Buffalo
Other Property Details
Area Name
Buffalo City-140200
Taxes
$10,640
Tax Frequency
Annually
Garage
No
Parking
Other, See Remarks
Parking Total
0
View
No
County
Erie
Municipality
Not Applicable
Water Source
Public
Pool
No
Zoning
N-2C
Buyer Agency Compensation
3%
Courtesy of Keller Williams Realty WNY, Jennifer Goetz
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