A Williamsville investor has acquired a small community commercial strip on the West Side of Buffalo, paying $545,000 for a building with an M&T Bank branch and a retail business.
Ahmed Abdulsalam, through 118 Grant Property Inc., bought the 14,510-square-foot, one-story building at 118, 132 and 136 Grant St. from Suk An, an investor from Rochester. Suk and Yong An had purchased it in July 2012 from the Western Regional OTB, through 443 Tonawanda LLC, for $525,000, but Yong An later died unexpectedly, said Cory Haqq, a broker at Hastings Cohn Real Estate.
“So we put it on the market again, and it literally was under contract within just a few weeks,” said Haqq, who handled the deal. “It’s indicative of what’s going on. If you get a good quality listing, it’s not going to be around long.”
Built in 1996, the structure includes the 7,290-square-foot branch and Ask Imports, a retailer, in 7,220 square feet of space.