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    6451 Olean Rd Rd South Wales, NY 14139

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    For Sale
    $429,000

    Four units with commercial space and renovated apartments for sale.

    Lot size:
    0.37 Acres

    Property Features for 6451 Olean Rd Rd

    General Information

    Lot size
    0.37 Acres

    Building Details

    Year built
    1932

    Source: RE/MAX Precision Agent Ramona Cook

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Four-Unit Property with Commercial Space

    This four-unit property features a commercial space and renovated apartments, situated minutes from East Aurora on the corner of Olean Rd. & Emery Rd. The open commercial space (unit D) includes an overhead door and connects to a studio apartment with a new kitchen and high-end bath. The rear two-bedroom apartment (unit C) is renovated with vaulted ceilings, an open floor plan, a high-end bath, and an enclosed sun porch overlooking the fenced yard with an automated gate. All units have private entrances, separate utilities, and laundry facilities. The units are currently generating income as fully furnished short-term rentals, located within walking distance of Emery Park & Gow School. The property offers the potential for a highly visible business, such as a hair salon, pet grooming service, or ice cream parlor, while also collecting rents. The commercially zoned lot next door is also available.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Spa & Massage Wholesale Shop Auto Repair Shop Gym & Fitness Skin Care Clinic Storage Facility HVAC Service Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Wales
    County
    Erie
    State
    New York
    Longitude
    -78.5376
    Latitude
    42.7188

    FAQs

    What type of property is this?
    Mixed-use property - Four units with commercial space and renovated apartments for sale.
    Where is this mixed-use property located?
    The property is located at 6451 Olean Rd Rd South Wales, NY.
    What is the asking price?
    The asking price for this property is $429,000.
    What are key features of this property?
    This property features: - Four units with commercial space and renovated apartments on a highly visible corner lot.; - All units are currently generating income as fully furnished short-term rentals.; - Rear 2-bedroom apartment is completely renovated with vaulted ceilings, open floor plan, high-end bath, and enclosed sun porch.
    (716) 545-1279
    Request Owner's contact information
    6451 Olean Rd Rd South Wales, NY 14139
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    South Wales, NY 14139
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6451 Olean Rd Rd South Wales, NY 14139
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