4928 Broadway Lancaster, NY $ 1,050,000
4928 Broadway
$ 1,050,000
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4928 Broadway

Lancaster, NY, 14043
$ 1,050,000
Bedrooms10 Baths0.0 Sq 11,049

Monthly Estimate*

$ 7,335

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Commercial Property for sale in Lancaster, NY

for $1,050,000 with 10 bedrooms. This 11,049 square foot building was built in 1900 on a lot size of 0.974633.

Prime 11-unit Investment on Broadway! Three adjacent properties in a sought-after location provide an unmatched opportunity for investors. The portfolio includes 10 apartments (2 one bedroom, 6 two bedroom, 2 three bedroom) and a remodeled storefront with a partially finished basement - an excellent setup for businesses. Impressively, all properties boast a 100% occupancy rate. 4922 BROADWAY is a 3/2 Double; 4928 BROADWAY houses the storefront and 3 apartments under a 4-year-old roof, with a rear building holding 3 apartments beneath a 1-year-old roof, and a 2-car garage; 4940 BROADWAY is a 3/2 Double, with its lower unit recently fully renovated. Brand new improvements include a complete boiler system in 4928 Rear (apt 3-5), as well as flooring, updates and rent increases in 3 units. Additionally there are 42 spot communal parking spaces spanning the shared lot. Most tenants pay separate utilities. This unique investment promises immediate income of $10,680/m (gross) and potential long-term appreciation. Tax and square footage amounts are combined. Individual amounts are as follows: 4922: Taxes $3420, 1750 sqft. 4928: Taxes $11364, 7222 sqft. 4940: Taxes $5155, 2077 Sqft.

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Commercial Active

Price

$ 1,050,000

Bedrooms

10

Property Type

Commercial

Taxes

$ 19,938

Style

Commercial

Lot Size

0.974633

Year Built

1900

Town/City

Lancaster

County/Region

Erie

MLS | Web ID

B1528504

Features
General
Interior Features CeilingFans Other SeeRemarks Storage
Sewer Connected
Heating Gas ForcedAir Radiant
Cooling CentralAir
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Asphalt Shingle
Appliances GasWaterHeater
Exterior Features BlacktopDriveway
Garage Spaces 0.0
Construction Materials Brick VinylSiding CopperPlumbing PEXPlumbing
Year Built 1900
Electric CircuitBreakers
Stories 2
Township Depew-Village
Levels Two
Property SubType Commercial
Gross Income 128160.0
County Erie
Property Type CommercialSale
Garage Y/N No
Rent Includes CommonAreaMaintenance Water
Status Active
Directions Turn East off Transit.
City Lancaster
High School District Depew
Total Units 11
MLS Area Depew Village-Lancaster-145201
Lot Size Square Feet 42455.0
Waterfront Y/N No
Street Name Broadway
Year Built Details Existing
Tax Annual Amount 19938.0
Property Condition Resale
Days on Market 1
Standard Status Active
Middle/Junior School District Depew
Elementary School District Depew
Tax Assessed Value 260000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 13
Property Sub Type Additional Commercial Other
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Interior
Basement Partial SumpPump
Flooring Carpet Laminate Tile Varies
Total Fireplaces 1
Total Stories 2
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N Yes
Laundry Features WasherHookup
Total Bedrooms 10
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features ThreeormoreSpaces NoGarage
Lot Features NearPublicTransit
Water Source Connected Public
Lot Size Area 0.97
Building Area Total 11049.0
Lot Dimensions 220X217
Lot Size Acres 0.97
Lot Size Units Acres
Number of Separate Gas Meters 11
Number of Separate Electric Meters 11
Road Frontage Type MainThoroughfare
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Internal Only
Street Number 1 4928
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* Excluded Features
List By
Roncroft Realty

Broker

(716) 213-8784

Phone

Affordability Calculator

$8,996
Per Month
82%
18%
0%
Monthly Principal & Interest
$7,335
Monthly Property Taxes
$1,662
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3038193 Elementary School
3038289 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/27/2024$1,050,000 Listed Price

Map


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4928 Broadway, Lancaster, NY, 14043 is a Commercial Property for sale at $1,050,000 with 11,049 sqft and a lot size of 0.974633. 4928 Broadway has 10 bedrooms, 0.0 baths, and was built in 1900. The property's zip code is 14043 which is in Lancaster, NY