Active
540-544 Niagara Street
Buffalo NY, 14201
$299,900
$38.79 per sqft
Active
7,731 sqft
Commercial
Built in 1925
Exciting opportunity to be part of the transformational redevelopment of Niagara St! Very large (7,731 total sq ft), brick, mixed-use investment property with reliable cash flow. Sale includes two buildings (540 Niagara St & 544 Niagara St). Property consists of: two storefront businesses (one barbershop, one restaurant/bakery, both well established & successful); a three bedroom townhome (tenant occupied); a partially gutted two bedroom townhome; and a two bedroom upper apartment (vacant). Separate utilities. Full, dry basement. Driveway, two car detached garage, & additional parking in the rear. Property is centrally located between downtown, Peace Bridge into Canada, Buffalo Niagara Medical Campus, D'Youville College, Allentown, & Elmwood Village. Close proximity to major thru-way systems. Current gross annual income $55,800. With renovation of the partially gutted townhome & leasing of the vacant two bedroom upper apartment, potential gross annual income $85,800.
B1550073
MLSⓇ ID
July 8, 2024
Listed
August 23, 2024
Updated
Map
540-544 Niagara Street
Buffalo NY, 14201
Interior Features
Total Stories
2
Floor Description
Hardwood, Linoleum, Varies, Vinyl
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Gas, Forced Air, Radiant
Exterior/Building Features
Lot Size
0.2 Acres
Roof
Asphalt, Membrane, Rubber
Sewer
Public Sewer
School Information
School District
Buffalo
Other Property Details
Area Name
Buffalo City-140200
Taxes
$7,774
Tax Frequency
Annually
Garage
No
Parking
On Site
Parking Total
5
View
No
County
Erie
Municipality
Not Applicable
Water Source
Public
Pool
No
Zoning
N-2C
Courtesy of Howard Hanna WNY Inc, Julie M Murek
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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 5:10 PM UTC, 8/23/2024