540-544 Niagara Street, Buffalo NY, 14201

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.

Data last updated 5:10 PM UTC, 8/23/2024