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    West Seneca, NY Lancaster, NY East Aurora, NY
    Mixed-Use Office and Apartments
    Updated: Mar 30, 2025
    Mixed-Use Office and Apartments

    2901 Bowen Road, Elma, NY 14059

    $699,000
    6,450 sqft · 1.42 AC lot
    Multi‑use building with 4 office suites and 2 residential apartments
    Office suite sizes include approx. 1,780 SF, 1,080 SF, 1,200 SF, and 400 SF; Suites 1 and 2 can be adjoined
    2 offices currently occupied and 2 offices vacant; offices described as in ready‑to‑go condition
    Residential apartments: 2 large 1‑bedroom/1‑bath units with large kitchens and living rooms, in‑unit laundry, and second‑floor loft overlook
    Remodeled from top to bottom in 1985, with continuous updates; features a full dry basement with 8‑ft ceiling height and tenant storage areas
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    This listing looks promising.

    Here's a quick look at some key insights for

    2901 Bowen Road, Elma, NY 14059

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    • Est. Cap Rate

      8.7%
      Above avg (5.9%)

    • Est. NOI

      $61K
      Annual

    • Price @ 7% Cap

      $866K
      Above asking

    • Property Type

      Commercial Office/Residential (Mixed Use)
      Built 1978
    View Property Analytics
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Elma, NY, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Corner Mixed-Use Retail and Apartments
    Corner Mixed-Use Retail and Apartments

    5476 Broadway Street, Lancaster, NY 14086

    $649,000
    9,856 sqft · 0.22 AC lot

    Two-building corner property with storefront retail space, apartments, and separate utilities with month-to-month tenancy.

    View details
    Corner Mixed-Use Retail and Apartments
    Corner Mixed-Use Retail and Apartments

    5476 Broadway St, Lancaster, NY 14086

    $649,000
    9,856 sqft

    Mixed-use corner property with retail storefronts and multiple apartments, supported by separate utilities and on-site parking.

    View details
    Turn-Key Restaurant with Second Floor Apartment
    Turn-Key Restaurant with Second Floor Apartment

    4348 Seneca Street, West Seneca, NY 14224

    $795,000

    Fully equipped restaurant with apartment and parking in SouthTowns.

    View details
    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    1293 Union Road, West Seneca, NY 14224

    Contact for pricing

    Multi-use building with office space and apartment units.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Brooklyn Two-Family Home with Development Potential
    Brooklyn Two-Family Home with Development Potential

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    2,660 sqft · 0.10 AC lot

    Two-family home on a large lot with significant development potential.

    View details
    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details

    Elma, NY Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Elma, NY on our real estate platform. These investment opportunities span a total of 6,450 square feet of properties for sale, with an estimated market value of $699,000.

    Sale prices for two-family homes in Elma, NY start at $699,000, averaging $699,000, and reaching up to $699,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 9,413
    Population Growth (5Y) -7.2%
    Median Household Income $101,698
    College Educated 59.8%

    High-Yield Neighborhoods for Investment

    Identify Elma submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    14059 $699K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Erie County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Erie County

    Residential Income

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