Offering Price: $425,000
Building 1 – 6 Existing Apartments, 3 rented and 3 vacant. (Total: Approx. 4200 SF/Approx. 1400 SF/Floor)
Building 2 – Vacant/Fully gutted. 8 potential apartments. (Total: 5,904 SF/ Floor 1 & 2: Approx. 2200 SF each / Floor 3: Approx. 1600 SF)
*Vacant Lot at 543 Niagara St – Not part of listing. 28’ x 132’. Owned by related party and available for purchase.
539 Niagara Street is located in a rapidly appreciating corner of the City of Buffalo, and situated on a major urban corridor that has been the recipient of tremendous public and private investment in recent years.
The property is 2 short blocks from D’Youville University – a thriving institution offering undergraduate, graduate, and professional degrees. Their ongoing growth and investments are a huge boon for the neighborhood and region, including the recently announced $154M medical school development.
2 blocks in the other direction lies the confluence of Lake Erie and the Niagara River, and two world-class waterfront parks to enjoy it from, including the Ralph Wilson Park that is currently in the midst of a $110M redevelopment.
The property is a mile from downtown, and less than mile to the booming Buffalo Niagara Medical Campus – home to the University at Buffalo’s School of Medicine, and 3 major hospitals including the world-renowned Roswell Park Cancer Center.
The property is within ½ mile of both the 1-90 interstate and the international Peace Bridge and Canadian border. It’s also situated on one of the most prominent transit corridors.
