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COMMERCIAL - Buffalo, NY
Solid brick commercial/mixed-use building located at 696 Genesee St, offering strong rental potential and multiple income-producing configurations. This 5-unit setup includes two first-floor storefront spaces, each with a private entrance and rear common entry, both updated with new shutter doors. The upper level provides one studio/office space, a 2-bedroom unit, and a 3-bedroom unit. Total Building Size 4,052 sq. ft. A full high-ceiling basement offers substantial storage capacity and room for future mechanical planning. Significant 2021 upgrades include a new gas line, new 400-AMP electrical service with five separate meters, and four new hot water tanks, helping reduce major system updates for the next owner. Architecture-approved plans are included for a future layout of four commercial/residential units plus one studio, offering flexibility for long-term use and configuration. Item...
Solid brick commercial/mixed-use building located at 696 Genesee St, offering strong rental potential and multiple income-producing configurations. This 5-unit setup includes two first-floor storefront spaces, each with a private entrance and rear common entry, both updated with new shutter doors. The upper level provides one studio/office space, a 2-bedroom unit, and a 3-bedroom unit. Total Building Size 4,052 sq. ft. A full high-ceiling basement offers substantial storage capacity and room for future mechanical planning. Significant 2021 upgrades include a new gas line, new 400-AMP electrical service with five separate meters, and four new hot water tanks, helping reduce major system updates for the next owner. Architecture-approved plans are included for a future layout of four commercial/residential units plus one studio, offering flexibility for long-term use and configuration. Items remaining for completion include roof leak repairs, plumbing updates, installation of two kitchens, upgrades to four bathrooms, flooring replacement, selective window updates, and full interior painting. These items outline a clear renovation scope for investors seeking value-add opportunities. The deep rear lot provides space suitable for adding an estimated 10-15-vehicle parking area, increasing usability for future occupants. With a strong structure, multiple unit types, and a location within an active commercial corridor, this property presents a substantial opportunity for repositioning and income growth.
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