187 Delaware Avenue Buffalo NY 14202 | R1495698

High upside investment property for sale. The ground floor retail space recently became vacant. Built out as pizza shop, this space has a hood vent. The second floor has two apartments, one 1-bedroom unit and
one 2-bedroom unit. The apartments are vacant and ready to be leased. There is $7,000/yr in revenue from the rooftop billboard.

The available high upside investment property is located in Downtown Buffalo, one door from the intersection of Delaware & Huron, and just one block from Delaware & Chippewa, the center of Buffalo’s nightlife. Surrounded by hotels (Embassy Suites, Hampton Inn & Suites, Curtiss Hotel, and Hyatt Regency) and local bars, restaurants, and nightclubs, this building is in the heart of vibrant, popular, and active area that appeals to young professionals and recent college graduates.

This section of downtown is active during the day as well, with New Era’s flagship store, Fountain Plaza, the Convention Center and multiple local, state, and federal office buildings a quarter mile away. Offices include City Hall, Western NY District Federal Court, FBI, IRS, and VA offices, as well as Buffalo Police Headquarters and Erie County Court.

Property Details

Price:
$650,000
MLS #:
R1495698
Status:
Active
Beds:
0
Baths:
0
Address:
187 Delaware Avenue
Type:
Commercial
City:
Buffalo
Listed Date:
Sep 5, 2023
State:
NY
Finished Sq Ft:
6,709
ZIP:
14202
Subdivision:
Downtown
Lot Size:
2,923 sqft / 0.07 acres (approx)
Year Built:
1900

Schools

School District:
Buffalo

Interior

Heating
Gas, Forced Air

Exterior

Roof
Flat

Financial

Buyer Agent Compensation
3%
Net Operating Income
$-8,182
Taxes
$8,182

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187 Delaware Avenue
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