UPDATED:
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 7,160 sqft
Price per Sqft $185
MLS Listing ID B1727597
Construction Status Existing
HOA Y/N No
Year Built 1910
Annual Tax Amount $18,744
Lot Size 2,988 Sqft
Acres 0.0686
Lot Dimensions 25X116
Property Sub-Type Apartment
Property Description
The property features an established first-floor bar/restaurant with a long-term commercial lease, complemented by four residential apartments above. A standout feature is the spacious, fenced-in rear patio, offering coveted private outdoor space in the heart of downtown Buffalo. An increasingly desirable amenity in the entertainment district, this outdoor area provides valuable opportunities for seasonal dining, social gatherings, and expanded restaurant/bar operations—a distinct competitive advantage in a location where dedicated outdoor space is not always available.
Significant capital improvements include a new roof, refreshed exterior, and the complete transformation of previously unfinished third-floor space into two attractive, income-producing apartments.
Generating six figures in annual gross rental income, this well-maintained property offers five income-producing units, 100% occupancy, and an attractive investment profile with an approximately 6.25% projected capitalization rate. The commercial lease includes scheduled rent increases and renewal options, while three of the four residential leases have recently been renewed, providing additional income stability. The remaining apartment is occupied by a long-term tenant on a month-to-month basis who has expressed interest in remaining.
Combining a premier downtown location, established cash flow, substantial property improvements, and long-term investment potential, 85 W. Chippewa Street represents an outstanding opportunity to own a distinctive mixed-use asset in the heart of Buffalo's thriving entertainment district.
Location
State NY
County Erie
Area Buffalo City-140200
Zoning N1C
Direction Delaware to Chippewa
Rooms
Basement Full
Interior
Heating Gas, Separate Meters, Zoned, Forced Air
Cooling Separate Meters, Zoned, Central Air
Flooring Hardwood, Linoleum, Varies, Vinyl
Inclusions Building Only
Fireplace No
Exterior
Utilities Available Sewer Connected
Roof Type Membrane,Rubber
Building
Lot Description Rectangular, Rectangular Lot
Story 3
Sewer Public Sewer
Structure Type Brick
Construction Status Existing
Schools
School District Buffalo
Others
Tax ID 140200-111-380-0001-011-000
Security Features Fire Sprinkler System
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
MARKET SNAPSHOT
(OCT 11, 2026 - NOV 10, 2026)
MARKET SNAPSHOT
SERVICE PROVIDERS
Need home or business services. Search our providers.
- Categories
- All
A
Attorneys
E
Estate Sales
F
Financing
H
Home Inspectors
Handyman Services
J
Junk Removal
Janitorial Services
P
Property Clean Outs
Painting Companies
MLS Nation Realty "Your Link To The MLS"