1140 E Lovejoy ST, Buffalo, NY 14206
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1140 E Lovejoy ST, Buffalo, NY 14206
1140 E Lovejoy ST, Buffalo, NY 14206
1140 E Lovejoy ST, Buffalo, NY 14206
1140 E Lovejoy ST, Buffalo, NY 14206
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Lori Frieden

Lori Frieden

+1(315) 225-9958
$ 699,900
Est. payment /mo
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1140 E Lovejoy ST Buffalo, NY 14206

6,105 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 6,105 sqft

Price per Sqft $114

MLS Listing ID B1673316

Construction Status Existing

HOA Y/N No

Year Built 1950

Annual Tax Amount $4,930

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 67X130

Property Sub-Type Business

Property Description

Hard to find investment opportunity! Stately commercial mixed use building to include popular neighborhood laundromat business and huge 4 bedroom apartment. This 25 year old business is the only neighborhood laundromat. Laundromat income ranges between $1500-$2200 weekly. Upper apartment is rented at $1495/mo. Garage is rented at $300/mo. A room in the basement is rented at $100/week. Total yearly building revenue is approx. $120,000 which puts this investment at a desirable 13% CAP rate. Laundromat revenue could be much higher with proper adverting and Google SEO. Very little competition nearby. Brand new Dexter dryers and new Encore washers were just installed March 2026. To be installed are (3) brand new Dexter 80lb washers, (3) newer 60lb washers, and (2) newer 40lb washers. Laundromat prices could also be increased - they have not been increased in many years. Upper apartment is recently painted. All laundromat equipment is sold as-is. Showings of the laundromat can be done any time. Upper apartment needs a 24 hour notice after a first showing of the business. Also listed as mixed use multi-family B1669845.

Location

State NY

County Erie

Area Buffalo City-140200

Zoning N-3C

Rooms

Basement Full

Interior

Heating Gas, Forced Air

Cooling Central Air

Flooring Carpet, Hardwood, Linoleum, Varies, Vinyl

Inclusions Land, Building and Business

Fireplace No

Exterior

Utilities Available Electricity Connected, Sewer Connected

Roof Type Flat,Membrane,Rubber

Total Parking Spaces 10

Building

Lot Description Rectangular, Rectangular Lot

Building Description Frame, Janitorial Service,Office

Story 2

Sewer Public Sewer

Level or Stories Two

Structure Type Frame

Construction Status Existing

Schools

School District Buffalo

Others

Tax ID 140200-112-420-0004-033-100

Acceptable Financing Assumable, Cash

Listing Terms Assumable, Cash

Special Listing Condition Standard

Listed by Nichol City Realty 716-480-8117

NEARBY SCHOOLS & PROPERTIES

Lori Frieden

Lori Frieden

Lic. RE Salesperson | License ID: 10401265563

+1(315) 225-9958

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