Mixed-Use Live-Work
11881 Broadway Street, Alden, NY 14004
For Sale
$324,900
Under Contract
Residential, Alden, NY
Property Size2,444 SF
Lot Size0.60 Acres
Price / SF$132.94
Days on Market188
Property Features for 11881 Broadway Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Accessibility
Appliances
Lot features
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Medical Specialty
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Dalton Reynolds · License #10401342408
(716) 352-8679
Added: May 3
Changed: Nov 5
Last Checked: Nov 6 at 8:06PM
MLS# B1678513
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 11881 Broadway Street in Alden, this 2,444-square-foot mixed-use property pairs 1,868 square feet of residential space with 576 square feet configured for commercial use. The business area includes a lobby and two private rooms and is currently arranged as a chiropractic office. Residential rooms include three bedrooms and three bathrooms, with hardwood and carpet flooring throughout the home.
Built in 1998, the property occupies a 0.6-acre lot and is positioned directly on Broadway. Exterior construction is vinyl siding, with an asphalt roof approximately 3 years old. Building systems include natural-gas forced-air heat, central air, public water, and a septic tank. An accessible approach with ramp provides entry to the commercial portion.
Built in 1998, the property occupies a 0.6-acre lot and is positioned directly on Broadway. Exterior construction is vinyl siding, with an asphalt roof approximately 3 years old. Building systems include natural-gas forced-air heat, central air, public water, and a septic tank. An accessible approach with ramp provides entry to the commercial portion.
Key Highlights
- 2,444‑square‑foot mixed‑use building on a 0.6‑acre lot
- Residential area measures 1,868 square feet
- 576‑square‑foot commercial section with lobby and two private rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,545
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,900
$470.9K
Cap Rate 7%
$336,357
$336.4K
Cap Rate 9%
$261,611
$261.6K
Market Conditions
NOI Build-Up for 2,444 SF
Gross rent
$44.0K $18.00/SF
− Vacancy
−$4.8K −$1.94/SF
EGI
$39.2K $16.06/SF
− OpEx
−$15.7K −$6.42/SF
NOI
$23.5K $9.63/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,900
Cap Rate 7%
$336,357
Cap Rate 9%
$261,611
Alternative Uses
Best Use
Office B
$437.5K
$382.8K – $510.4K
NOI $30,625 @ 7.0% cap · market cap 9.43%
Second Best
Healthcare Medical
$336.4K
$294.3K – $392.4K
NOI $23,545 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$534.3K
$467.5K – $623.3K
NOI $37,399 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
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Business Placement
Demographics for 14004, NY
11,583
Population
4,386
Households
2.6
Avg Household Size
47
Median Age
22%
College-Educated
91%
High-School Grad
48.6 sq mi
ZIP Area
238
Density / Sq Mi
$88,011
Median Household Income
$51,981
Median Earnings
$754
Median Rent
$236,300
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Erie County, NY
Properties on Market for Mixed-use properties in Erie County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines residential living space with a dedicated commercial area along Broadway in Alden.
Where is this mixed-use property located?
The property is located at 11881 Broadway Street Alden, NY.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 2,444‑square‑foot mixed‑use building on a 0.6‑acre lot; Residential area measures 1,868 square feet; 576‑square‑foot commercial section with lobby and two private rooms
