Selling it as a potential campanion piece to the casino is now no longer a consideration. Nope, any hopes that it might be part of the nebulous proposed city's salvation through restoration when coupled with ecomomic Revitalizion generated by Indian gaming are now dashed in this particular instance. Lots of stakehoders here who will be very unhappy. Many more are rejoicing.
Not much attention for this building.....will not hear any ideas from Steel and crew.
Reason:
On the wrong side of the city.....
Ugly building in the middle of nowhere. Looks like a hot property. Probably the most value it has is the copper plumbing, which has probably been yanked out by local crackheads. David Hill isn't exactly Donald Trump when it comes to real estate speculation.
this building has loads of charm. Casino or no, this is a path of progress in the next decade. The food terminal near here was turned into apartments long before a casino was part of the picture. The arena and cobblestone were completed not far away, again without consideration of any casino. The development around the Seneca's land will be slower than if the casino complex were built, perhaps, but that project's roadblocks won't doom all other development. This building in particular seems to have character, which is always rewarding to possess.
I often see comments by those who lament that they were born too late to buy into now trendy neighborhoods like Allentown and Elmwood Village. Well, here's your opportunity to get in on the ground floor of a future trendy neighborhood. You get a shell for $50k or best offer. That's pretty cheap. Let's assume there's nothing of value on the inside (copper, electric stripped, etc.) It's still chump change to get ownership of a building a stone's throw from the heart of downtown. Live close to where you work, lower your carbon footprint and watch as central cities (including yours) rebound courtesy of $6/gallon gasoline.
This needn't be your last purchase, budding developer. But it might be a good first purchase.
This building is two blocks from the Buffalo River and roughly a mile from the city's metro rail and yet its on the "wrong side of the city". Its a shame - the building is charming and a rehab could really bring it to life.
Buffalo - the place where natural resources and intelligent thinking go to die!
Look like it's located in the middle of the country side. What happend to this neighborhood?
Maybe the "wonderful" people that make up the CBB could by it and turn it into something they think will make Buffalo better. They spent $2 million on trying to stop a $33 million development downtown. Idiots!
bbooze - It is two blocks from the river and two blocks from the projects. That puts it on the wrong side of the tracks.
Bini - Spoken like a true real estate salesman.
I wonder why the price is up $10,000 in a few short years when very little was done to the interior or externior of the building. I'd like to know if the copper and electrical are still intact.
Renovate into condos or apartments for people that would have been working at the casino/hotel.
That would have been a great opportunity. What a shame!
Renovate into condos or apartments for people that would have been working at the casino/hotel.
That would have been a great opportunity. What a shame!
allifit, they're not going to tell the public if this buildings still has copper pipes inside, are you crazy. That kind of info would have this building broken into and then we'll read about it in tomorrows news.
all- It is also 2 blocks away from the lofts @ Elk Terminal and 2 blocks away from the DL & W Terminal which will soon house the Niagara Aerospace Museum and walking distance to the new harbor. Seems to me that it is on the right side of the tracks regardless of the vicinity it is to the projects.
allfit: you should trust your real estate agent sometimes. We're in the business every day.
Location two blocks from the projects didn't prevent Bernie Obletz from succeeding. This building isn't anyone's quick route to riches, but most wealth isn't accumulated overnight.This building seems to be (I've never seen it inside) a very obtainable rung on the investment ladder. For the investor/user who has the patience to bring the property back, this building could make a world of financial sense. Locate your shop here. Live here. Let your imagination loose on what to do with all the space. Remodel the place over time. Live a lofty life with the luxury of space combined with a low tax bill. For what others pay in rent, you'll always own. As this neighborhood gradually improves, your investment will be recouped and then some. That might not be true of many areas of the city. But I think it is true for here.
Future bloggers will envy the owner who transforms this rough gem.
Don't like the price? Offer whatever it's worth to you. The worst someone can say is 'no'.
Looks like one of those lone buildings on a block that survived the Blitz in London during the 1940s. Could be a great cottage type getaway house for a family. No one else around except for the rats and an occasional crackhead looking for shelter. Could use that side shed/garage as a nice playhouse for the kids.
Take a queue from Bernie Obletz and build a huge fence around the place to keep out the 'locals'.
allfit,
The river was there long before the projects or any failed industirialism that exists now. Any other city would have noticed that a river snaking through its core could be a great natural resource to build around. Not here! Hence the term "Buffalo - where natural resources go to die!"
I saw that this building has the big red square on the door. What does that mean? I usually see this on buildings that are slated for demolition, is this building in danger of that? If so, should we send up the bat signal to call the Preservation League of Buffalo to assemble before this building meets the wrecking ball or high winds?
Heathersmiles, are there any structures in western New York that you find worth preserving or is everything ripe for demolition? Based on your posts, you seem to enjoy a sarcastic ambivalence to the history of the area as told through its buildings. What makes Buffalo unique and important to you?
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