Search
Mixed-Use Property with Residential Units
For Sale
$849,000

196 E Fairmount Avenue, Lakewood, NY 14750

Commercial building paired with income-producing residential units along an active retail corridor.

Property Size1,152 SF
Lot Size1.10 Acres
Price / SF$736.98
Days on Market38

Property Features for 196 E Fairmount Avenue

General Information

Standard status Active
Size 1,152 SF
Lot size 1.10 Acres
Property subtype CommercialSale
Listing Agency: ERA Team VP Real Estate
Listed By: Michael McVinney · License #NY10301214857
Source: Nicholcityrealty
Added: Jul 24 Changed: Aug 29 Last Checked: Aug 29 at 6:13PM

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 ERA Team VP Real Estate

Investment Insights

Based on property information with market context.

This mixed-use offering combines a commercial building with multiple income-producing residential units across five parcels totaling approximately 1.1 acres. The 1,152-square-foot property provides a combination of commercial and residential components within one ownership structure.

Located at 196 E Fairmount Avenue in Busti, the property sits along a busy commercial route in Chautauqua County, near major national retailers and directly across from Harbor Freight. Its position within the area’s primary shopping and service corridor places it near activity serving local residents and Chautauqua Lake visitors.

Key Highlights

  • Five parcels totaling approximately 1.1 acres
  • 1,152‑square‑foot mixed‑use property
  • Commercial building plus multiple income‑producing residential units

Property Analytics

Current Use

Smartchoice Motor Cars Car Dealership Marsh TV & Appliances Home Appliance Store

Suggested Use

Top Pick Building Supply Law Firm HVAC Service Kitchen & Bath Showroom Electrical Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

285
Businesses Nearby
187k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 34% Shops & Services 30% Apparel 21% Home Improvements & Furnishings 13%
T.J. Maxx Apparel
39,273 visits/mo 0.4 miles
Michaels Shops & Services
22,075 visits/mo 0.3 miles
Ollie's Bargain Outlet Shops & Services
20,483 visits/mo 0.5 miles
Tim Hortons Dining
20,342 visits/mo 0.3 miles
Panera Bread Dining
14,974 visits/mo 0.3 miles

Demographics for 14750, NY

4,673
Population
2,352
Households
2
Avg Household Size
49
Median Age
35%
College-Educated
95%
High-School Grad
11.3 sq mi
ZIP Area
414
Density / Sq Mi
$67,083
Median Household Income
$44,653
Median Earnings
$1,145
Median Rent
$158,400
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial building paired with income-producing residential units along an active retail corridor.
Where is this mixed-use property located?
The property is located at 196 E Fairmount Avenue Lakewood, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Five parcels totaling approximately 1.1 acres; 1,152‑square‑foot mixed‑use property; Commercial building plus multiple income‑producing residential units
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message