Opportunity Knocks: Guercio’s Portfolio, and 234 Grant Street

The Guercio’s grocery store real estate portfolio on Grant Street is officially for sale, listed at $995,000. The sale of the property includes the three connected storefronts, as well as a 10,000 square foot warehouse in the back. This is an incredible opportunity for someone that wants to participate in the renaissance of Grant Street.

Yes, there have been some ups and downs as of late, but there have been more “ups,” thankfully.

Recently it was discovered that the Lorigo’s Meating Place building would be turned into a self storage facility. That’s a big down. A while back we learned that 212-220 Grant Street (formerly Sweet_ness 7 and friends) had a new owner. That’s a big up. Now, we’re hoping that whoever purchases the Guercio’s property does something great with it, so that Grant Street can continue to shine.

From the listing:

250 Grant Street includes four connected buildings, including a 10,000 square foot warehouse, comprising 20,000 square feet of total space with 95 linear feet of frontage in a central business district on Buffalo’s Westside. Currently operating as a legacy grocery business called Guercio and Sons, established in 1961 and specializing in produce, meats, cheeses, cooking oils, and a variety of ethnic food products, including a deli serving prepared foods. The warehouse was built in 2005, has two truck bays accessible from Lafayette Ave with a height of 8ft and width of 8ft 4 inches and two overhead doors accessible from Grant Street with a height of 9ft and width of 9ft 4 inches. The Warehouse supports a wholesale food delivery system that currently serves approximately 40 restaurants. Additionally, there are two, 2nd story, 2-bedroom apartments. Grant Street is a 2-mile-long commercial strip dense w/ storefronts & homes with an entrance to Buffalo State College (1 mile). The property is 0.8 miles from Great Point Studios (Sound Stage), 6 blocks from the Elmwood Village, 5 Blocks to Niagara Street & just minutes to Canada. The sale of this property can also be included with 234 Grant Street (MLS#B1636196), located at the corner of Grant and Lafayette.

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