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Michelle Thompson

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$ 249,900

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Pending

2322 Seneca ST Buffalo, NY 14210

4,824 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Pending

Purchase Type For Sale

Square Footage 4,824 sqft

Price per Sqft $51

Subdivision Buffalo Crk Reservation

MLS Listing ID B1656519

Construction Status Existing

HOA Y/N No

Year Built 1856

Annual Tax Amount $2,956

Lot Size 4,268 Sqft

Acres 0.098

Lot Dimensions 35X122

Property Sub-Type Office

Property Description

Fantastic investment opportunity for this Mixed-Use building in the heart of South Buffalo's Cazenovia Park neighborhood! Located right on Seneca street, and within walking distance to the park, as well as numerous other shops, restaurants, and theaters. Both apartments and the retail space are tenant occupied, with below market rents, generating over $34,000 in gross revenue. Projected revenue is $43,200. This property offers a 8.63% cap rate at the projected revenue, and 6.40% with the current revenue. Within the past 5 years: new roof, restored bathrooms, updated plumbing, two new furnaces, one a/c unit, and one hot water tank. The upper unit has a restored kitchen, newer windows, and solid surface countertops. New facade, updated commercial windows, and new exterior paint, including a charming mural! Sale of this property includes the vacant lot next door, which has great potential for expansion, development, or a parking lot. Can also be sold as a bundle with four additional investment properties on Seneca Street: MLS# 1657116

Location

State NY

County Erie

Community Buffalo Crk Reservation

Area Buffalo City-140200

Zoning N-3C

Rooms

Basement Full

Interior

Heating Gas, Forced Air

Cooling Central Air

Flooring Hardwood, Linoleum, Varies, Vinyl

Inclusions Land and Building

Fireplace No

Exterior

Utilities Available Sewer Connected, Water Connected

Roof Type Asphalt

Total Parking Spaces 2

Building

Lot Description Rectangular, Rectangular Lot

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Block

Construction Status Existing

Schools

School District Buffalo

Others

Tax ID 140200-133-340-0003-029-000

Acceptable Financing Cash, Owner Will Carry

Listing Terms Cash, Owner Will Carry

Special Listing Condition Standard

Listed by Keller Williams Realty WNY 716-316-6664

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Michelle Thompson

Lic. RE Salesperson | License ID: 40FA1156159

+1(315) 794-3260

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Michelle Thompson

2322 Seneca ST Buffalo, NY 14210

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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2322 Seneca ST