Strip Mall with Subdividable
For Sale
$1,150,000
13394 Broadway Street, Alden, NY 14004
2016-built strip mall on 1.9 acres with open retail space and storage that can be subdivided into multiple storefronts.
Lot Size1.90 Acres
Days on Market338
Property Features for 13394 Broadway Street
General Information
Standard status
Active
Lot size
1.90 Acres
Property subtype
COMMERCIAL
Building Details
Building Size
9,000 SF
Year Built
2016
Buildings
2
Listing Agency:
Nichol City Realty
(716) 480-8117
Listed By:
Shannon L McNichol · License #10491201898
(716) 480-8117
Source:
Highfallssir
Added: Aug 28, 2025
Changed: Jul 31
Last Checked: Jul 31 at 6:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nichol City Realty
Investment Insights
Based on property information with market context.
This 2016-built strip mall sits on 1.9 acres and includes almost 9,000 SF of open retail space plus supporting back-of-house areas. The layout is complemented by two bathrooms, a breakroom/kitchen, an office, and storage, along with three overhead doors. The building is served by three furnaces and AC units.
The property also has a generator that was installed in March 2025. It can be subdivided to create up to three storefronts within the main building. In addition, a new 40x60 pole barn was built in 2024 and can be subdivided to two separate units.
The sale is for the building only. The business and any inventory are described as negotiable under the transaction terms, with the buyer interview and NDA process required and no drive-by visits requested.
The property also has a generator that was installed in March 2025. It can be subdivided to create up to three storefronts within the main building. In addition, a new 40x60 pole barn was built in 2024 and can be subdivided to two separate units.
The sale is for the building only. The business and any inventory are described as negotiable under the transaction terms, with the buyer interview and NDA process required and no drive-by visits requested.
Key Highlights
- Almost 9,000 SF of open retail space in a 2016‑built main building
- 1.9‑acre strip mall site with office, breakroom/kitchen, storage, and two bathrooms
- Main building includes three overhead doors, plus three furnaces and AC units
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.6k | $14.40 |
| − Vacancy | −$14.0k | −$1.56 |
| EGI | $115.6k | $12.84 |
| − OpEx | −$34.7k | −$3.85 |
| NOI | $80.9k | $8.99 |
9,000 SF · lease $14.40/SF/yr · vacancy 10.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.16M
$1.01M – $1.35M
NOI $80,922 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,722 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
89k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Dining 32%
Shops & Services 16%
Home Improvements & Furnishings 12%
Tops Friendly Markets
Groceries
24,829 visits/mo
0.4 miles
McDonald's
Dining
15,070 visits/mo
0.5 miles
Tim Hortons
Dining
13,454 visits/mo
0.3 miles
Tractor Supply Co.
Home Improvements & Furnishings
10,345 visits/mo
0.2 miles
Save-A-Lot
Groceries
9,707 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - 2016-built strip mall on 1.9 acres with open retail space and storage that can be subdivided into multiple storefronts.
Where is this strip mall located?
The property is located at 13394 Broadway Street Alden, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Almost 9,000 SF of open retail space in a 2016‑built main building; 1.9‑acre strip mall site with office, breakroom/kitchen, storage, and two bathrooms; Main building includes three overhead doors, plus three furnaces and AC units
