484 Pearl Street

Buffalo, NY, 14202

$2,300,000

$133 per ft²
$2,300,000
$133 per ft²
Active
Active
 - For Sale
carpenters-square
17,204 ft²
property_type
Commercial
calendar
Built 1900
This 9 unit mixed use building in downtown Buffalo is a turn-key investment opportunity in one of the most desirable locations in town. The 17,204 square foot brick building is a stable, renovated (2020) and rented asset w/ 12 off street parking spots, a 6 year old tear-off roof, and has an elevator that’s 5 years old. The first floor is home to Pour Taproom Buffalo who has a lease through 2026, and is responsible for their portion of the property taxes, water expense, and their own electric and gas service. The restaurant has 3 heating/cooling units and 2 (80 gallon) HWT's for efficient operations. The 8 residential APT's are all on floors 2 and 3. Four of the apartments are 2 beds/1 bath, and the other four apartments have 1 bed/1 bath with separate heating/cooling units and HWT's. 4 of the apartments feature in unit laundry and the other four have access to on floor common laundry, and all appliances are convey. The gross income is $200,400/year, and the total property taxes are $12,651.88. The parking lot behind the building (305 Franklin Street), and the building next door (492/494 Pearl Street) are also available for sale. Property also listed as commercial, MLS: B1455312
MLS® ID:
B1455333
Listed:
2/13/23
Updated:
3/25/23
Buffalo Real Estate
Michael Silbak

Interior Features

Kitchen Appliances
Dryer, Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer
Total Bedrooms
0
Total Bathrooms
0
Interior Features
Ceiling Fan(s), Natural Woodwork
Laundry Description
Common Area, Washer Hookup
Floor Description
Carpet, Ceramic Tile, Hardwood, Tile, Varies, Vinyl
Cooling
Central Air
Heating
Gas, Forced Air

Exterior/Building Features

Lot Size
8,740 ft² lot
Exterior Features
Blacktop Driveway
Lot Details
Other, Near Public Transit, See Remarks
Roof
Flat, Membrane, Rubber
Sewer
Connected

School Information

High School
Buffalo
Elementary School
Buffalo

Other Property Details

Area Name
Buffalo City-140200
Taxes
$12652
Tax Frequency
per YEAR
Association Amenities
Elevator
Garage
No
Parking
One Space, Driveway, No Garage
View
N
County
Erie
Utilities
High Speed Internet Available, Sewer Connected, Water Connected
Water Source
Connected, Public
Pool
No
Total Stories
3
Sub Agency Compensation
2
Buyer Agency Compensation
2
Transaction Broker Compensation
2

 

Courtesy of Keller Williams Realty WNY, Nicholas Giambra

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Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s), Michael Silbak, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

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Data last updated 2:34 AM UTC, 3/25/23

Buffalo Real Estate
Michael Silbak
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