5476 Broadway ST, Lancaster, NY 14086
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5476 Broadway ST, Lancaster, NY 14086
5476 Broadway ST, Lancaster, NY 14086
5476 Broadway ST, Lancaster, NY 14086
5476 Broadway ST, Lancaster, NY 14086
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Michelle Thompson

Michelle Thompson

+1(315) 794-3260
$ 649,000
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Price Dropped by $20K

5476 Broadway ST Lancaster, NY 14086

9,856 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 9,856 sqft

Price per Sqft $65

MLS Listing ID B1666229

Construction Status Existing

HOA Y/N No

Year Built 1920

Annual Tax Amount $12,783

Lot Size 9,583 Sqft

Acres 0.22

Lot Dimensions 68X138

Property Sub-Type Business

Property Description

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.

Location

State NY

County Erie

Area Lancaster-Village-145203

Zoning Multi-Use2

Rooms

Basement Full

Interior

Heating Gas, Baseboard, Forced Air, Hot Water, Wall Furnace

Flooring Carpet, Linoleum, Vinyl

Inclusions Building Only, Land and Building

Fireplace No

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Asphalt

Total Parking Spaces 10

Building

Lot Description Rectangular, Rectangular Lot

Story 3

Sewer Public Sewer

Water Public

Structure Type Stone

Construction Status Existing

Schools

School District Lancaster

Others

Tax ID 145203-104-830-0002-017-000

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by Gurney Becker & Bourne 716-208-5340

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Michelle Thompson

Michelle Thompson

Lic. RE Salesperson | License ID: 40FA1156159

+1(315) 794-3260

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