Hard to find investment opportunity! Stately commercial mixed use building to include popular neighborhood laundromat business and huge 4 bedroom apartment. 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 updated. 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 commercial B1673316.

"Based on information submitted to New York State Alliance as of June 25, 2026 1:00 PM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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More Info

Basic Information

Attribution Contact 716-480-8117
Gross Income $120,000
Owner Pays Water
Parcel Number 140200-112-420-0004-033-100
Rent Includes Water

Building

Basement Yes
Building ConstructionVinyl Siding, Copper Plumbing
FoundationBlock
GarageYes
Garage Spaces2
Stories2
Units1
Year Built1950

Amenities

Appliances IncludedGas Water Heater
Cooling Central Air
Cooling YN Yes
Other AmenitiesBasement
Security Features Security System Owned

Legal

ZoningCommercial

Tax Information

Taxes$4,930

Parking

Parking Features Common, Paved, Parking Available, Two or More Spaces

Basic Information

List Price$699,900
NYSAB1669845
Modification Date04/14/2026
Property SubTypeMulti Family
StatusActive

Interior

Flooring Carpet, Laminate, Varies, Vinyl

Exterior

RoofFlat, Membrane, Rubber

Property Information

Acreage0.2
Lot Features Corner Lot, Near Public Transit, Rectangular, Rectangular Lot
Lot Size Dimensions 67X130
Property Condition Resale
Square Feet6,105

Other

Documents Available Permits
Possession Before Closing
Special Listing Conditions Standard

School Information

High School DistrictBuffalo

Rooms

Bathroom1
Bedrooms4
Full Bath1

Location

Address1140 E Lovejoy Street
AreaBuffalo City
Building Number1140
CountyErie
StateNY
StreetE Lovejoy Street
TownBuffalo
Zip14206

Utilities

Electric Circuit Breakers
Heat SystemGas, Forced Air
Heating YN Yes
Utilities Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Waste Water DisposalConnected

Water Body

Water AccessConnected, Public

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Grier Allen

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