$25.00 USD
Bid IncrementOnline Auction
Subject to an auto-extension of the auction end time.
Possible Bad Bid
Clean Title
29555-2
Used/See Description
32-38 Wilson
Three contiguous vacant parcels—32, 34, and 38 Wilson Street—are now available for sale as a single package, presenting a unique opportunity for investors, developers, or community builders.
Prime Location
Located on Buffalo’s East Side, the properties are less than five minutes from the Buffalo Central Terminal, a historic landmark undergoing transformative redevelopment into a hub for arts, culture, and commerce. This catalytic project is expected to spark neighborhood revitalization and long-term value creation. Learn more about the Central Terminal’s vision here: [Watch the video](https://youtu.be/H1GZIEV1avE?si=n0wGFQAeapQ4eNXz).
Opportunity Zone Advantages
These parcels are within a federally designated Opportunity Zone, offering investors powerful tax incentives:
Deferral of capital gains when reinvested into a Qualified Opportunity Fund.
Reduction of capital gains liability depending on the investment term.
Potential elimination of taxes on new gains for investments held 10+ years.
This designation enhances both the financial return and community impact potential of the Wilson Street parcels.
The Offering
Addresses: 32, 34, and 38 Wilson Street Buffalo, NY
Status: Vacant land, conveyed together as one package
Use: Flexible development potential, subject to zoning
Conveyance: All three parcels will be transferred to the winning bidder
Summary
32, 34, and 38 Wilson Street present more than a land purchase—they represent a stake in Buffalo’s future. With proximity to the Buffalo Central Terminal redevelopment, the strength of an Opportunity Zone designation, and the city’s ongoing momentum, these parcels offer a rare and promising investment opportunity.
Commercial
All potential real estate bidders are reminded that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid.
By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence.
It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property. Buyers do so at their own risk.
PAYMENT
If you are the winning bidder, you will facilitate payment by referring to the My Bids section of your account.
Note:
1. Payment is due within 5 (Five) business days of auction closure.
2. Any invoice $5,000 or above requires payment via wire transfer.
3. Depending on your history with GovDeals, you may be limited to the number of auctions/transactions that you can participate in simultaneously AND/OR the dollar amount that you can pay via credit card, debit card or PayPal. For additional insight, please visit the Probation FAQ.
***SELLER TO PREPARE DEED DIRECTLY***
Upon receipt of the payment by Govdeals, the seller will utilize the buyer's name and address information on the certificate to prepare the quit claim deed paperwork. Subsequently, the seller will submit the quit claim deed to the county for recording and send copies to the buyer. It remains the seller's responsibility to ensure the deed is recorded with the county.
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