5476 Broadway St - Storefront Retail/Residential FOR SALE


Lancaster, NY 14086
$669,000 USD
716-849-1234
5476 Broadway St, Lancaster, NY for Sale
$669,000 USD
Storefront Retail/Residential - FOR SALE
1/34
null | Request Cap Rate

NEW


5476 Broadway St
Lancaster, NY 14086


HIGHLIGHTS

  • Heavy Street Traffic
  • Corner Lot
  • Central Location
  • Value Add Opportunity

OVERVIEW

Excellent investment opportunity, with plenty of value add, curb appeal and street exposure! Welcome to 5476 Broadway St. nestled in the heart of the Lancaster Village and located just a block away from Central Ave and all the amenities it has to offer. This mixed-use offering is situated on a corner lot and is comprised of two buildings. This property features a mix of both retail and residential units, off street and garage parking to accommodate about 10 cars, and an additional adjacent lot along School St. The front building is made up of two retail storefronts, each about 1,000sqft, and are functioning as a custom cabinet and countertop showroom and a restaurant. On the second floor, there are 4 apartments, two 2-bedrooms and two 1-bedrooms, with a third floor that has potential to be converted back into 2 additional rental units. The rear building is made up of 3 apartments, one 1-bedroom and two 2-bedrooms and garage parking. The rear parcel, addressed as 9 School St, adds an extra 7,000sqft of lot size that can be converted into additional parking. All utilities across both buildings are separate, and all tenants are on month to month leases. Front building has newer electrical service and brand new central air units for storefronts.

FOR SALE DETAILS

PRICE

$669,000 USD

PRICE/SF

$68 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Mixed Use on Broadway St - Lancaster, NY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,723 SF

ZONING

Multi-Use 2

APN/PARCEL ID

145203-104-830-0002-017-000

ASK ABOUT THIS PROPERTY

Gary GrecoGurney Becker & BourneMore Info
716-849-1234

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Gary GrecoGurney Becker & BourneMore Info
716-849-1234

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