Homes for sale - 1278 Hertel AVE, Buffalo, NY 14216

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Beth Matthews

Envision Real Estate

elizabeth.matthews@exprealty.com +1(716) 209-3730

$ 6,900,000

Est. payment | -/mo

5,130 SqFt

Save

$ 6,900,000

Est. payment | -/mo

Save

5,130 SqFt

Key Details

Property Type Commercial

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 5,130 sqft

Price per Sqft $1,345

MLS Listing ID B1574580

Construction Status Existing

HOA Y/N No

Year Built 1999

Annual Tax Amount $36,000

Lot Size 0.310 Acres

Acres 0.3099

Lot Dimensions 90X150

Property Description

These 3 locations are being offered together as a package only. 1278 Hertel Ave Buffalo 14217, 136 Lakeview, Buffalo 14201, and 346 Military, Buffalo 14207. They are some of the most impressive and financially powerful laundromats available in WNY. They are near newly built out and turn key for years to come. The owner spared no expense regarding mechanical systems and infrastructure. Hertel has Dexter live to easily track sales and maintenance. Pleased do not visit the locations without an appointment. They cannot be separated and ZERO owner financing is available. Military includes two upper apartments (One unit is partially gutted and not livable, being sold as-is. One unit is the owner's living quarters and lease TBD, 12 months max). Military was built out new 1999-2000. Porter (Lakeview) was built out new in 2015. Hertel is all new from 2019. All include top of the line Dexter appliances. Brand new boiler and holding tank at Military 2025. Each location includes several accessory assets including vending machines, arcade games, auto vacuums, soap and change dispensers, and wash and fold necessities. Two locations are open 24/7 and there are 15 employees total. Grosses approx. $35k/week in revenue. Seller may hold $3m in first lien position with personal guarantee.

Location

State NY

County Erie

Area Buffalo City-140200

Zoning Commercial

Interior

Heating Gas, Forced Air

Cooling Central Air

Inclusions Land, Building and Business

Fireplace No

Exterior

Utilities Available Sewer Connected, Water Connected

Roof Type Flat

Total Parking Spaces 40

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Block

Construction Status Existing

Schools

School District Buffalo

Others

Tax ID 140200-078-640-0003-018-100

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash

Special Listing Condition Standard

Listed by Nichol City Realty 716-480-8117

1278 Hertel AVE Buffalo, NY 14216