24 Monroe St Ellicottville, NY 14731

Building Details

Year Built

1900

Listing agency 716 Realty Group g***@716realtygroup.com Show Phone

Listed by Gregory Straus · License #10491211091 Show Phone

Source Elliman

Added: Apr 24 Updated: Jul 21 at 12:46AM Checked: Jul 21 at 5:47AM

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Investment Insights

Based on property information with market context.

This fully leased, two-story commercial building is located directly in the Village center within the Ellicottville Historic District. The property is stabilized with a tenant currently secured under lease through 2027, generating dependable rental income. The building provides approximately 2,200 square feet of space across two levels and is positioned for continued use as a downtown retail/commercial asset.

The property is described as having excellent visibility along Monroe Street and is offered as a long-term income-producing opportunity in Ellicottville’s downtown resort market. The area is characterized in the remarks as attracting year-round activity tied to ski resorts, festivals, dining, shopping, and four-season tourism.

The offering also notes potential flexibility for future use changes subject to zoning and municipal approvals, including commercial use on the lower level and possible residential use above, if permitted through the proper approval process.

Key Highlights

• Fully leased two‑story commercial building in the Ellicottville Historic District on Monroe Street
• Approx. 2,200 SF over two levels and currently occupied under lease through 2027
• Tenant rent is $4,500/month, providing in‑place income for investors

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FAQs

What type of property is this?

Storefront property - Fully leased two-story commercial building in the Ellicottville Historic District along Monroe Street.

Where is this storefront property located?

The property is located at 24 Monroe St Ellicottville, NY.

What is the lease rate?

The lease rate is $574,999.

What are key features of this property?

This property features: Fully leased two‑story commercial building in the Ellicottville Historic District on Monroe Street; Approx. 2,200 SF over two levels and currently occupied under lease through 2027; Tenant rent is $4,500/month, providing in‑place income for investors