Pending

4981 Broadway Street
Lancaster, NY 14043

$449,000
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Property Description

Exciting investment opportunity in the bustling Village of Depew. Solid, brick, meticulously maintained & updated MIXED USE property with reliable cash flow. Property consists of a store-front commercial space (currently State Farm Insurance); a large 3 bedrm, first floor apartment; (2) two bedrm second floor apartments. Separate utilities. All tenants on month-to-month leases. Recent updates: electrical, exterior paint, carpeting/flooring, extra large shed with metal roof (built 2023), landscaping, gutters (with leaf guards) & downspouts, hot water tanks (2021 & 2023), central A/C in commercial space (new condenser 2023). One half of the huge attic is partially finished, offering versatility. Tear off roof 2016. Full, dry basement with drain tile, sump pump, tenant laundry area (separate hook-ups for each unit). Ample parking for around 12+ in the front lot & side concrete parking pad. Convenient location, just east of Transit Rd. Easy access to thruway systems, Walden Galleria Mall, & Buffalo Niagara International Airport. Open house Saturday, April 27th from 11am-1pm. Also an open house Sunday, April 28th from 11am-1pm.

Details

Utilities: Sewer Connected, Water Connected
Appliances: Gas Water Heater
Flooring: Carpet, Ceramic Tile, Hardwood, Varies
Basement: Full, Sump Pump
Heating: Gas, Baseboard
Architectural Style: Fourplex
Construction Materials: Brick
Foundation: Block
Lot Dimensions: 100 X125
Lot Size: 0.29
Roof: Asphalt
Sewer: Connected
Water: Connected, Public
Parking: Concrete, Other, Paved, Parking Available, See Remarks