Two-Parcel Mixed-Use
New
For Sale
$679,900
13677 & 13683 Main Road, Newstead, NY 14001
The offering pairs a leased commercial space with a three-bedroom home and a cottage used for business prep and storage.
Property Size3,055 SF
Days on Market4
Property Features for 13677 & 13683 Main Road
General Information
Standard status
Active
Size
3,055 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$8,574
Building Details
Building Size
3,055 SF
Year Built
1960
Tenancy
Single
Listing Agency:
LoVallo Real Estate
Listed By:
James G LoVallo · License #49LO1176666
(716) 570-7760
Source:
Griffith-realty
Added: Oct 18
Changed: Oct 21
Last Checked: Oct 21 at 2:07AM
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 LoVallo Real Estate
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Investment Insights
Based on property information with market context.
Two adjoining parcels on Main Road combine commercial and residential components. The commercial space is leased to Kaboodles. The residential parcel contains a three-bedroom single-family home with a full basement and attached two-car garage; the home is vacant and needs updates. A separate cottage on the residential lot is leased for restaurant or business preparation and storage.
Key Highlights
- Two parcels offered together on Main Road
- Commercial parcel leased to Kaboodles
- Residential parcel includes a three‑bedroom home with a full basement and attached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,698
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,960
$574.0K
Cap Rate 7%
$409,971
$410.0K
Cap Rate 9%
$318,867
$318.9K
Market Conditions
NOI Build-Up for 3,055 SF
Gross rent
$55.0K $18.00/SF
− Vacancy
−$9.1K −$2.97/SF
EGI
$45.9K $15.03/SF
− OpEx
−$17.2K −$5.64/SF
NOI
$28.7K $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%
$573,960
Cap Rate 7%
$409,971
Cap Rate 9%
$318,867
Alternative Uses
Best Use
Mixed Use
$410.0K
$358.7K – $478.3K
NOI $28,698 @ 7.0% cap · market cap 4.22%
Second Best
Retail
$392.4K
$343.4K – $457.8K
NOI $27,469 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$667.8K
$584.4K – $779.2K
NOI $46,749 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 14001, NY
9,482
Population
4,477
Households
2.1
Avg Household Size
47
Median Age
26%
College-Educated
91%
High-School Grad
64.5 sq mi
ZIP Area
147
Density / Sq Mi
$73,786
Median Household Income
$46,220
Median Earnings
$744
Median Rent
$221,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The offering pairs a leased commercial space with a three-bedroom home and a cottage used for business prep and storage.
Where is this mixed-use property located?
The property is located at 13677 & 13683 Main Road Newstead, NY.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: Two parcels offered together on Main Road; Commercial parcel leased to Kaboodles; Residential parcel includes a three‑bedroom home with a full basement and attached two‑car garage
