448 Ontario Street

Buffalo, NY 14207

PRIME CORNER INVESTMENT OPPORTUNITY: MIXED-USE PROPERTY IN NORTH BUFFALO Exceptional investment property in Riverside featuring TWO separate buildings on a single corner lot, creating multiple income streams with significant appreciation potential. This N-3E zoned mixed-use property offers 4,663 square feet of total space on a 33' x 110' lot. Front Building: Two-story structure with flexible commercial space on lower level (can be configured as one unit or divided into two) and spacious 3BR/1BA apartment upstairs featuring forced air heating (2005). Rear Building: Private two-story 2BR/1BA single-family home with attached 1-car garage and updated boiler (approx. 5 years old). Recent Updates: Brand new tear-off roof with new decking on rear building (less than 1 month old). 2019 space heater and gas water heater in front retail unit. 2017 gas water heater in upper apartment. Modern circuit breakers with MC cable wiring. Updated plumbing with combination of PVC & steel waste lines, copper, steel, and PEX supply lines. Investment Highlights: Prime corner lot location with excellent visibility. Separate utilities (4 electric meters, 3 gas meters). Three distinct units generating multiple income streams. Will be 100% vacant - opportunity to select your own tenants and set market rents. Estimated monthly rental income: $1,166 (commercial), $1,200 (upper apt), $1,100 (rear house). Potential annual income: $41,600. Projected NOI: $26,646. Strong cap rate potential in growing Buffalo neighborhood. Perfect for investors seeking immediate income or owner-occupants looking to offset mortgage with rental income and potentially operate a business.

Listing courtesy of Nicholas Giambra of Iconic Real Estate 7162396432



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