Mixed-Use Property with Five-Bay
New
For Sale
$649,900
12444 Broadway, Alden, NY 14004
CommercialSale, Alden, NY
Property Size4,680 SF
Lot Size1.10 Acres
Price / SF$138.87
Days on Market2
Property Features for 12444 Broadway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Zoning description
Residential Multi Use
Rooms
Basement
Parking
10
Lot features
Pie Shaped Lot
Middle school
Alden Middle
High school
Alden Senior High
Elementary school district
Alden
Middle school district
Alden
High school district
Alden
Subdivision
Alden-142089
Standard status
Active
APN
142089-118-000-0003-011-000
Size
4,680 SF
Lot size
1.10 Acres
Taxes and HOA fees
Tax Annual Amount
5218
Utilities
Sewer type
Septic Tank
Heating system
Hot Water(Heating), Natural Gas
Amenities
basement laundry
Building Details
Year built
1920
Floors in Building
2
Flooring type
Vinyl, Varies, Linoleum, Hardwood
Roof type
Asphalt
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
John Gatas · License #10301217315
(716) 218-3146
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 5 at 1:06PM
MLS# B1727044
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.
This 4,680-square-foot, two-unit property combines a ground-floor commercial space configured as a fitness studio with a four-bedroom, one-bathroom apartment above. The residence includes a living room and formal dining room, while laundry is located in the basement. Separate utilities serve the two units. The property also has a five-bay garage with storage and on-site parking.
Set on a 1.1-acre corner lot at 12444 Broadway in Alden, the property carries C2 zoning. Heating is provided by natural gas hot water, and the site uses a septic tank. The building was constructed in 1920.
Set on a 1.1-acre corner lot at 12444 Broadway in Alden, the property carries C2 zoning. Heating is provided by natural gas hot water, and the site uses a septic tank. The building was constructed in 1920.
Key Highlights
- Two‑unit building with a 4,680‑square‑foot footprint
- 1.1‑acre corner parcel with C2 zoning
- Ground‑floor commercial area configured as a fitness studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,963
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$879,260
$879.3K
Cap Rate 7%
$628,043
$628.0K
Cap Rate 9%
$488,478
$488.5K
Market Conditions
NOI Build-Up for 4,680 SF
Gross rent
$84.2K $18.00/SF
− Vacancy
−$13.9K −$2.97/SF
EGI
$70.3K $15.03/SF
− OpEx
−$26.4K −$5.64/SF
NOI
$44.0K $9.39/SF
Area
Erie County, NY
Vacancy
16.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$879,260
Cap Rate 7%
$628,043
Cap Rate 9%
$488,478
Alternative Uses
Best Use
Mixed Use
$628.0K
$549.5K – $732.7K
NOI $43,963 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$895.2K – $1.19M
NOI $71,615 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - A commercial studio and four-bedroom apartment occupy separate levels, with individual utilities for each unit.
Where is this mixed-use property located?
The property is located at 12444 Broadway Alden, NY.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two‑unit building with a 4,680‑square‑foot footprint; 1.1‑acre corner parcel with C2 zoning; Ground‑floor commercial area configured as a fitness studio
