2430 Bowen Rd - Office/Residential FOR SALE


Elma, NY 14059
$1,875,000 USD
716-860-7732
2430 Bowen Rd, Elma, NY for Sale
$1,875,000 USD
Office/Residential - FOR SALE
1/24
null | 3.52% Cap Rate

2430 Bowen Rd
Elma, NY 14059


HIGHLIGHTS

  • very profitable in a high demand area

OVERVIEW

Location, Location!! This property is a CASH COW in a growing suburb of Buffalo,NY. Tenants have been long term who love the building environment and convenient location with access to a bus route , walking distance to restaurants, bank and essential businesses. An easy 20 minute drive to Buffalo,NY and a 5 minute drive south to the quaint town of East Aurora. This 7300 sq ft commercial / residential building ( mixed use ) located in the heart of Elma Center which sits on 1.25 acres. There are 4 office spaces on the first floor and 3 apartments on the second floor. All spaces have been renovated and updated. There is a 2 car garage which occupies a portion of the first floor. The septic system has a new filter bed. The roof was redone in 2005 and I was told by the roofer that it has a 40 yr lifespan.

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$243 USD /SF

CAP RATE

3.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,399 SF

ZONING

COMM

APN/PARCEL ID

144200-137-030-0005-018-000

ASK ABOUT THIS PROPERTY

Cynthia CeierCeier ChiropracticMore Info
716-860-7732

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Cynthia CeierCeier ChiropracticMore Info
716-860-7732

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.