3637 Walden Ave - Storefront Retail/Residential FOR SALE


Lancaster, NY 14086
$530,000 USD
716-884-4437
3637 Walden Ave, Lancaster, NY for Sale
$530,000 USD
Storefront Retail/Residential - FOR SALE
1/10
null | 7.53% Cap Rate

3637 Walden Ave
Lancaster, NY 14086


HIGHLIGHTS

  • Fully leased investment property
  • Two apartments, commercial retail storefront, three-car garage
  • One two-bedroom and one one-bedroom apartment
  • All tenants on leases
  • Direct frontage on heavily trafficked Walden Avenue
  • Additional surface parking is shared by tenants and storefront

OVERVIEW

Two-apartment upper and lower double with an attached retail storefront and three-car garage in the village of Lancaster. The apartments include kitchen appliances and laundry machines. The lower has updated kitchen cabinets and the storefront commercial space has been completely remodeled. Tenants pay gas, owner pays electric and water in the apartments. The tenant pays gas and electric in the commercial space. The property is fully occupied. An additional surface parking lot is shared by the apartment tenants and the storefront. The garage space is separately rented and includes electric. Village of Lancaster, located on heavily trafficked Walden Avenue east of Central Avenue at the corner of Embry Place.

FOR SALE DETAILS

PRICE

$530,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

7.53%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

482

APN/PARCEL ID

145203-104-110-0007-011-000

ASK ABOUT THIS PROPERTY

Brian HeineBrian Heine - Licensed Real Estate BrokerMore Info
716-884-4437

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Brian HeineBrian Heine - Licensed Real Estate BrokerMore Info
716-884-4437

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.