85 W Chippewa Street Buffalo NY 14202 | MLS B1280516

MONEY MAKER! Mixed use building & turn-key investment. Currently operating as profitable bar & grill, with 4 rented apartments above. Fantastic Outdoor bar/seating area too. Located in high traffic area downtown Buffalo & steps from 4 major hotels (Westin, Hyatt, Embassy Suites & Hampton Inn), as well as Delaware North (multi-billion business headquarters mixed use building) & the Avant (mixed use tower of offices, luxury residence & hotel). Building is located on Chippewa St. (well known nightlife area). No shortage of traffic here. 3rd flr completely built 2 yrs ago with 2 higher end apts. New Roof w/in last year. Several upgrades in the last few years: Electric – new line to building, new interior lines, new meters/boxes; plumbing- galvanized pipes replaced with pvc on 1st & 2nd floors & from building to sewer; brought up to current city fire code (sprinklers, doors, drywall). Apts are on separate meters. Bar is a solid 3N lease. Good cap rate.

Property Details

Price:
$1,500,000
MLS #:
B1280516
Status:
Active
Baths:
0.00
Address:
85 W Chippewa Street
Type:
Commercial
City:
Buffalo
Listed Date:
Jul 21, 2020 (91 days)
State:
NY
Square Ft (approx):
7,160
ZIP:
14202
Lot Size:
2,987 sqft / 0.07 acres (approx)
Year Built:
1910

Schools

Interior

Basement
Full
Cooling
Separate Meters
Heating
Gas, Separate Meters, Forced Air

Exterior

Lot Size Dimensions
25 X116
Roof
Membrane, Rubber
Stories
3

Financial

Tax Annual Amount
$9, 844

Map

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85 W Chippewa Street
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