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    85 W Chippewa Street

    Buffalo, NY 14202
    • $1,500,000
    • STATUS: Active
    • ON SITE: 100 days
    • MLS #: B1280516
    UPDATED: 225 min ago
    $1,500,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,160
      SQFT
    • $209
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1910
    County:

    School Ratings & Info

    School District:

    Description

    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.

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    ©2020 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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) nor The CJ Lore Team | Lore Real Estate Services shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

    The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than The CJ Lore Team | Lore Real Estate Services are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2020-10-30T00:13:41.793.
    www.getmorewithlore.com/homes/108082369
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    85 W Chippewa Street Buffalo, NY 14202

    • Price: $1,500,000
    • Status: Active
    • Updated: 225 min ago
    • MLS #: B1280516
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    7,160
    SQFT
    $209
    $/SQFT
    1910
    Built
    Neighborhood:
    Downtown
    County:
    Erie
    Area:
    Buffalo City-140200
    School District:
    Buffalo
    Property Description
    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.
    Exterior Features

    Construction Materials Brick Parking Total 0 Roof MembraneRubber Waterfront YN No

    Interior Features

    Basement Full Cooling Separate Meters Fireplace YN No Fireplaces Total 0 Heating GasSeparate MetersForced Air Heating YN Yes

    Property Features

    Business Type Bar/Tavern/Lounge Documents Available AerialLease Inclusions Building Only Lease Considered YN No Listing Terms Cash Possession Close Of Escrow Possible Use ResidentialRestaurant Property Sub Type Business Special Listing Conditions Standard Tax Annual Amount 9844 Zoning N-1C Zoning Description Commercial

    Listing information © 2020 CNYIS, GENRIS, WNYREIS. Listing courtesy of Suzanne Tomasello of Keller Williams Realty Buffalo.
    ©2020 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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) nor The CJ Lore Team | Lore Real Estate Services shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

    The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than The CJ Lore Team | Lore Real Estate Services are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2020-10-30T00:13:41.793.
     
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    Webster NY, 14580