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250 Grant St 24,203 SF 100% Leased Retail Building Buffalo, NY 14213 $995,000 ($41.11/SF)
Investment Highlights
- Four connected buildings, including a 10,000 square foot warehouse
- The sale of this property can also be included with 234 Grant Street (MLS#B1636196)
- Additionally, there are two, 2nd story, 2-bedroom apartments
Executive Summary
250 Grant Street includes four connected buildings, including a 10,000 square foot warehouse, comprising 20,000 square feet of total space with 95 linear feet of frontage in a central business district on Buffalo's Westside. Currently operating as a legacy grocery business called Guercio and Sons, established in 1961 and specializing in produce, meats, cheeses, cooking oils, and a variety of ethnic food products, including a deli serving prepared foods. The warehouse was built in 2005, has two truck bays accessible from Lafayette Ave with a height of 8ft and width of 8ft 4 inches and two overhead doors accessible from Grant Street with a height of 9ft and width of 9ft 4 inches. The Warehouse supports a wholesale food delivery system that currently serves approximately 40 restaurants. Additionally, there are two, 2nd story, 2-bedroom apartments. Grant Street is a 2-mile-long commercial strip dense w/ storefronts & homes with an entrance to Buffalo State College (1 mile). The property is 0.8 miles from Great Point Studios (Sound Stage), 6 blocks from the Elmwood Village, 5 Blocks to Niagara Street & just minutes to Canada. The sale of this property can also be included with 234 Grant Street (MLS#B1636196), located at the corner of Grant and Lafayette.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
24,203 SF
Building Class
C
Year Built
1880
Price
$995,000
Price Per SF
$41.11
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
4 Exterior
Building FAR
0.81
Lot Size
0.69 AC
Opportunity Zone
Yes
Zoning
N-2C
Parking
20 Spaces (0.83 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Fenced Lot
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 140200-088-830-0007-042-000 | Improvements Assessment | $90,900 |
| Land Assessment | $209,100 | Total Assessment | $300,000 |
Property Taxes
Parcel Number
140200-088-830-0007-042-000
Land Assessment
$209,100
Improvements Assessment
$90,900
Total Assessment
$300,000
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250 Grant St
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