1598 Bailey Ave, Buffalo, NY 14212

Description

Excellent mixed-use investment opportunity in Buffalo's Bailey-Broadway neighborhood! This well-maintained property features three income-producing units, including a vacant first-floor commercial space (former tavern) and two spacious 2-bedroom apartments on the second floor. One apartment is tenant-occupied, while the other is owner-occupied, with flexibility for investors or owner-occupants. The upper apartments have private entrances and access to a driveway.
The tavern space is clean, well-maintained, and ready for its next owner or operator. Features include two restrooms, a kitchen with sink, stove, and new fryer, access to the basement, five wall-mounted flat-screen TVs, a pool table, and a remote security system with cameras and monitor, all included in the sale. The space is ideal for reopening as a tavern, bar, lounge, restaurant, or other permitted commercial use.
Property updates include separate utilities, two newer wall furnaces serving the upper apartments, one furnace for the lower commercial space, new gas lines throughout, updated PEX plumbing, two separate half basements, and a roof is 7 years old.
Whether you're looking to generate rental income from the apartments while operating or leasing the commercial space, or add a versatile mixed-use property to your investment portfolio, this property has outstanding potential. Property is being sold "As Is" the seller will not make any repairs as a result of the inspection or appraisal. The seller reserves the right to establish an offer deadline at any time.