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Mixed Use on Broadway St - Lancaster, NY 5476 Broadway St 9,856 SF 100% Leased Retail Building Lancaster, NY 14086 $923,688 CAD ($93.72 CAD/SF)
Investment Highlights
- Heavy Street Traffic
- Central Location
- Corner Lot
- Value Add Opportunity
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,856 SF
Building Class
C
Year Built
1920
Price
$923,688 CAD
Price Per SF
$93.72 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.59
Lot Size
0.38 AC
Zoning
Multi-Use 2 - Commercial, Retail, Residential
Frontage
69’ on Broadway St.
Walk Score®
Very Walkable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 145203-104-830-0002-017-000 | Improvements Assessment | $450,452 CAD |
| Land Assessment | $26,577 CAD | Total Assessment | $477,029 CAD |
Property Taxes
Parcel Number
145203-104-830-0002-017-000
Land Assessment
$26,577 CAD
Improvements Assessment
$450,452 CAD
Total Assessment
$477,029 CAD
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Mixed Use on Broadway St - Lancaster, NY | 5476 Broadway St
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