242 Grant ST, Buffalo, NY 14213
242 Grant ST, Buffalo, NY 14213
242 Grant ST, Buffalo, NY 14213
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$759,900
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12,448 SqFt
Price Dropped by $40K

242 Grant ST Buffalo, NY 14213

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Michael Ablan

Michael Ablan

+1(315) 286-3256

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 12,448 sqft

Price per Sqft $61

MLS Listing ID B1690461

Construction Status Existing

HOA Y/N No

Year Built 1920

Annual Tax Amount $15,057

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 48X90

Property Sub-Type Office

Property Description

Exceptional opportunity for investors and 1031 exchange buyers seeking immediate scale in one of Buffalo's most active rental corridors. This mixed-use asset features 10 residential apartments and 2 commercial storefronts under one roof, providing multiple income streams and long-term upside. The property encompasses approximately 12,000+ square feet and is strategically positioned on Grant Street, a highly visible commercial corridor with strong foot and vehicle traffic. The building is located just minutes from the campus of the State University of New York at Buffalo, attracting a consistent tenant base and benefiting from the area's ongoing demand for rental housing. The property includes a mix of spacious residential units and street-level commercial spaces, creating diversification and stability for investors. Conveniently located near shopping, restaurants, public transportation, downtown Buffalo, Delaware Park, and major commuter routes. Whether you're looking to expand an existing portfolio, complete a 1031 exchange, or acquire a value-add mixed-use asset with substantial income potential, 242-244 Grant Street presents a rare opportunity to own a cornerstone investment in Buffalo's thriving West Side market.

Location

State NY

County Erie

Area Buffalo City-140200

Zoning N-2C

Direction Between Lafayette and West Delavan

Rooms

Basement Full

Interior

Heating Gas, Forced Air, Space Heater

Flooring Carpet, Hardwood, Linoleum, Varies, Vinyl

Inclusions Land, Building and Business

Fireplace No

Exterior

Utilities Available Electricity Connected, Sewer Connected

Roof Type Membrane,Rubber

Building

Lot Description Rectangular, Rectangular Lot

Story 3

Sewer Public Sewer

Structure Type Block

Construction Status Existing

Schools

School District Buffalo

Others

Tax ID 140200-088-830-0007-023-000

Security Features Fire Sprinkler System

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Real Estate Owned

Virtual Tour https://view.ricoh360.com/d29b8835-1c36-4d5a-9d2a-e13ed2461e88

Listed by Park Realty of WNY LLC ToddVanderlip@gmail.com

NEARBY SCHOOL & BUSINESS

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Michael Ablan

Michael Ablan

NYS Lic. R.E. Broker / Owner / CEO License ID: 10491209935

+1(315) 286-3256

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