89 Norris St - Manufacturing FOR SALE


Buffalo, NY 14207- Military
$700,000 USD
716-517-1455
89 Norris St, Buffalo, NY for Sale
$700,000 USD
Manufacturing - FOR SALE
1/17
null | Request Cap Rate

89 Norris St
Buffalo, NY 14207
Military


HIGHLIGHTS

  • Ton of Parking
  • Fresh Paint and Fantastic Shape Roofs
  • 3 Phase Electric Throughout (800amp)
  • Private Entrances for Every Unit
  • Centralized Bathrooms for All Spaces
  • Very Convenient and Thriving Location

OVERVIEW

For sale is a beautiful 11,235sqft commercial/industrial space in a great location in Buffalo NY—just one block in from the corner of Elmwood and Hertel Avenue. If you are not familiar with this area of Buffalo—it is on the up and up with tens of millions of dollars in development including a large YMCA summer camp, 144 luxury apartment's, health clinics, and more underway within one city block. This property consists of two buildings/addresses (89 & 103 Norris St.) that connect by hallway. The layout is currently sectioned into 4 spaces with centralized bathrooms and all have their own private entrances, but can easily be opened up into larger combined spaces if needed. The rental income on this property is $10,500/month conservatively. The property is fitted with 3-phase electric and a massive 800AMP breaker if high power is required—it’s there. This property also has a ton of great parking for all units including a large lot on the right side, several parking spots in front of the left and front units, as well as a gravel lot on the left side of the property and street parking as well. The entire building has been freshly painted this year with the addition of multiple interior spaces also freshly painted. All roofs are in fantastic shape with the 103 Norris buildings being just over 5 years old. All tenants in building are currently on a month-to-month lease. However, multiple would be happy to sign a long-term lease with a new owner if given the opportunity to. Overall this is as close as it gets to a turn-key investment property and can also be an incredible space for a new owner to occupy.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$59 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Warehouse, Loft/Creative Space, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

-

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51

LAND SF

22,216

ZONING

C-Buffalo

APN/PARCEL ID

140200-078-530-0003-005-000

ASK ABOUT THIS PROPERTY

Zachary PascarellaPascarella INCMore Info
716-517-1455

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Zachary PascarellaPascarella INCMore Info
716-517-1455

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.