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9 Grimes St 113,469 SF Industrial Building Buffalo, NY 14212 $2,999,000 ($26.43/SF)
INVESTMENT HIGHLIGHTS
- Fully fenced industrial facility
- 6.58 acre lot
EXECUTIVE SUMMARY
113,469 SF industrial facility located at 9 Grimes Street in Buffalo, NY, situated on a fully fenced 6.58-acre lot with ample yard space, street lighting, and parking. The property is currently leased to H&R Construction Parts & Equipment Inc., generating $25,540/month on a NNN lease, offering immediate income for investors. The building includes 8,700 SF of well-maintained office space featuring 11 private offices, a large conference room, a spacious kitchen/break room, and a 26' x 60' bullpen currently outfitted with 18 cubicles. The facility also includes a 3,700 SF autoshop section with 12' ceilings, a 7,700 SF heated storage warehouse with 23' ceilings, a 72,000 SF cold storage warehouse with 36' ceilings and full drive-through capability, a 14,600 SF heated workspace/storage area with 34' ceilings, and a 4,700 SF newer rear workshop with 27' ceilings. The warehouse spaces are interconnected and equipped with several 17' x 18' overhead doors for easy exterior access. The property features multiple overhead cranes throughout, including several 1-ton, 5-ton, 10-ton, 15-ton, and 20-ton units. Additional features include floor drains, 3-phase electrical power, and a new roof installed in 2020. Zoned D-IL (Light Industrial), this property presents a strong opportunity for both investors and operational users seeking a versatile and functional industrial asset in a strategic Buffalo location, with close proximity to Thruway access and favorable property taxes.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$22,253
|
$0.20
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$22,253
|
$0.20
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes | |
|---|---|
| Annual | $22,253 |
| Annual Per SF | $0.20 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $22,253 |
| Annual Per SF | $0.20 |
PROPERTY FACTS
| Price | $2,999,000 | Rentable Building Area | 113,469 SF |
| Price Per SF | $26.43 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1930 |
| Property Type | Industrial | Tenancy | Single |
| Building Class | B | Parking Ratio | 0.26/1,000 SF |
| Lot Size | 6.58 AC | Opportunity Zone |
Yes
|
| Zoning | D-IL - Light Industrial | ||
| Price | $2,999,000 |
| Price Per SF | $26.43 |
| Sale Type | Investment |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 6.58 AC |
| Rentable Building Area | 113,469 SF |
| No. Stories | 1 |
| Year Built | 1930 |
| Tenancy | Single |
| Parking Ratio | 0.26/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | D-IL - Light Industrial |
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- H&R Construction Parts & Equipment, Inc.
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| H&R Construction Parts & Equipment, Inc. | - | - | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 140200-112-380-0002-004-000 | Total Assessment | $835,000 |
| Land Assessment | $77,600 | Annual Taxes | $22,253 ($0.20/SF) |
| Improvements Assessment | $757,400 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
140200-112-380-0002-004-000
Land Assessment
$77,600
Improvements Assessment
$757,400
Total Assessment
$835,000
Annual Taxes
$22,253 ($0.20/SF)
Tax Year
2024
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