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5476 Broadway St

lancaster, NY 14086

$669,000

    Interested? Let's Connect

    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.

    Details

    9,856 Sq Ft

    0.22 Private Acres Lot Size

    commercial

    $12,783 Annual Tax

    Built in 1920

    MLS/Listing ID B1666229

    3 Stories

    9 Units

    Amenities & Features

    Carpet

    Heating - Wall Furnace

    Heating - Hot Water

    Heating - Gas

    Heating - Forced Air

    Heating - Baseboard

    Lot - Rectangular Lot

    Parking - On Site

    Construction - Stone

    Vinyl

    Linoleum

    Estimate my mortgage

    TOTAL MONTHLY COST

    $0

    • PRINCIPAL & INTEREST

      $0

    • PROPERTY TAXES

      $0

    • Common Charges

      $0

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