4981 Broadway

Lancaster, NY 14043

$449,000
Price
Beds
6,432 Sq. Ft.
$70 / Sq. Ft.
6,432
Sq. Ft.
$70
per Sq. Ft.

Description

Exciting investment opportunity in the bustling Village of Depew. Solid, brick, meticulously maintained & updated MIXED USE property with reliable cash flow. Property consists of a store-front commercial space (currently State Farm Insurance); a large 3 bedrm, first floor apartment; (2) two bedrm second floor apartments. Separate utilities. All tenants on month-to-month leases. Recent updates: electrical, exterior paint, carpeting/flooring, extra large shed with metal roof (built 2023), landscaping,...Exciting investment opportunity in the bustling Village of Depew. Solid, brick, meticulously maintained & updated MIXED USE property with reliable cash flow. Property consists of a store-front commercial space (currently State Farm Insurance); a large 3 bedrm, first floor apartment; (2) two bedrm second floor apartments. Separate utilities. All tenants on month-to-month leases. Recent updates: electrical, exterior paint, carpeting/flooring, extra large shed with metal roof (built 2023), landscaping, gutters (with leaf guards) & downspouts, hot water tanks (2021 & 2023), central A/C in commercial space (new condenser 2023). One half of the huge attic is partially finished, offering versatility. Tear off roof 2016. Full, dry basement with drain tile, sump pump, tenant laundry area (separate hook-ups for each unit). Ample parking for around 12+ in the front lot & side concrete parking pad. Convenient location, just east of Transit Rd. Easy access to thruway systems, Walden Galleria Mall, & Buffalo Niagara International Airport. Open house Saturday, April 27th from 11am-1pm. Also an open house Sunday, April 28th from 11am-1pm.
  1. Listed by Julie M Murek • Howard Hanna WNY Inc
    P: 716-885-4000 C: 716-602-2947 JulieMurek@howardhanna.com

Property Details for 4981 Broadway

On Waterfront
No
Zoning Code
C2
Nearest Cross Street
Warsaw St

Location

Listing Courtesy of Howard Hanna WNY Inc
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LISTING UPDATED: 04/30/2024 08:38 AM

Property Details for 4981 Broadway

StatusPending
MLS #B1533278
Days on Market7
Taxes$9,129 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1900
Lot Size0.29 AC / 12,632 SF
CountyErie County

Location

Listing Courtesy of Howard Hanna WNY Inc
Add your commute

Building Information for 4981 Broadway

Stories2Residences4Year Built1900Lot Size0.29 AC / 12,632 SF

Payment Calculator

$3,211 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,450

Property Taxes

$761

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4981 Broadway

Summary
Location and General Information
  • Elementary School District: Depew
  • High School District: Depew
  • Middle Or Junior School District: Depew
  • Village: Depew-Village
  • Human YN: Yes
Parking
  • Parking Total: 14.00
Taxes and HOA Information
  • Area NYSWIS Code: Depew Village-Lancaster-145201
  • Tax Annual Amount: $9,129.00
Property
Lot Information
  • Building Area Total: 6432.0
  • Num Of Acres: 0.29
  • Lot Size Area: 0.29
  • Lot Size Units: Acres
  • Num Of Buildings: 1
  • Parcel Number: 145201-104-780-0003-004-000
  • Possible Uses: Office, Residential
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $220,000
  • Year Built: 1900
  • Year Built Description: Existing
  • Zoning Description: Residential Multi Use
  • Property Sub Type Additional: Mixed Use
Utilities
  • Sewer Description: Public Sewer
  • Utilities Available: Sewer Connected
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block
  • Roof Description: Asphalt
Interior Features
  • Basement Description: Full
  • Basement YN: Yes
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Heating: Gas, Baseboard
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 6432.0
  • Main Level Bathrooms: 0
  • Num Of Rooms: 17
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Operating Expense Includes: Insurance, Maintenance, Snow Removal, Trash, Water Sewer
  • Stories: 2
  • Stories Total: 2
Rental
Rental Information
  • Lease YN: No
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 4981 Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4981 Broadway

Taxable ValueLand$26,500Additions$193,500Total$220,000
Home Facts
Total Finished SqFt4,288 SqFtAbove Grade Finished SqFt4,288 SqFtUnfinished Basement SqFt2,144 SqFtStories2Lot Size12,632 SqFtStyleOffice BuildingYear Built1915Year Renovated1995Zoning00000CountyERIEAPN145201 104.78-3-4

Schools near 4981 Broadway

This home is within Depew Union Free School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Cayuga Heights Elementary School
PublicK to 5

Depew Middle School
Public6 to 8

Depew High School
Public9 to 12

St. James Elementary School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Howard Hanna WNY Inc

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.