Two-Storefront Retail
For Sale
$785,000
33 Elm Street, East Aurora, NY 14052
Both occupied spaces include dining areas, with commercial kitchens in each storefront.
Property Size7,653 SF
Price / SF$102.57
Days on Market140
Property Features for 33 Elm Street
General Information
Standard status
Active
Size
7,653 SF
Total Parking Spaces
6
Property subtype
Commercial
Zoning
NC, Commercial
Occupancy
100%
Restaurant
Commercial Hood
Yes
Patio
Yes
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$13,159
Amenities
outdoor patio area
second floor office and storage space
full kitchen
commercial kitchen with oversized hood system
exterior walk-in cooler and freezer storage
Building Details
Building Size
7,653 SF
Year Built
1920
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Gurney Becker & Bourne
(716) 849-1234
Listed By:
Gary Greco Jr · License #10401251303
(716) 208-5340
Source:
Franzese-realestate
Added: Jun 11
Changed: Oct 25
Last Checked: Oct 26 at 4:01AM
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 Gurney Becker & Bourne
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Investment Insights
Based on property information with market context.
At 33 Elm Street, this East Aurora property contains two retail storefronts, approximately 2,800 and 1,800 square feet. Both spaces have been renovated and are occupied under long-term leases. The larger storefront includes a dining area, full kitchen, second-floor office and storage, and an outdoor patio. The other space features a quick-service counter, dining area, commercial kitchen with an oversized hood, and exterior walk-in cooler and freezer storage.
The property is just off Main Street in the Village of East Aurora and has approximately six dedicated parking spaces. Improvements under current ownership include work to the exterior paint, plumbing, electrical, and mechanical systems. The zoning designation is NC, Commercial; the building dates to 1920.
The property is just off Main Street in the Village of East Aurora and has approximately six dedicated parking spaces. Improvements under current ownership include work to the exterior paint, plumbing, electrical, and mechanical systems. The zoning designation is NC, Commercial; the building dates to 1920.
Key Highlights
- Two occupied retail storefronts, approximately 2,800 and 1,800 square feet
- Long‑term leases in place for both spaces
- Approximately six dedicated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,811
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,376,220
$1.4M
Cap Rate 7%
$983,014
$983.0K
Cap Rate 9%
$764,567
$764.6K
Market Conditions
NOI Build-Up for 7,653 SF
Gross rent
$110.2K $14.40/SF
− Vacancy
−$11.9K −$1.56/SF
EGI
$98.3K $12.84/SF
− OpEx
−$29.5K −$3.85/SF
NOI
$68.8K $8.99/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,376,220
Cap Rate 7%
$983,014
Cap Rate 9%
$764,567
Alternative Uses
Best Use
Specialty Retail
$1.32M
$1.15M – $1.54M
NOI $92,157 @ 7.0% cap · market cap 11.74%
Second Best
Retail
$983.0K
$860.1K – $1.15M
NOI $68,811 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,109 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14052, NY
17,679
Population
7,603
Households
2.3
Avg Household Size
47
Median Age
47%
College-Educated
96%
High-School Grad
61.2 sq mi
ZIP Area
289
Density / Sq Mi
$103,474
Median Household Income
$57,093
Median Earnings
$992
Median Rent
$312,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Fern Croft Floral — East Aurora, NY 14052
- Flowers By Nature — Back Entrance, 572 Main St, East Aurora, NY 14052
Frequently Asked Questions
What type of property is this?
Storefront property - Both occupied spaces include dining areas, with commercial kitchens in each storefront.
Where is this storefront property located?
The property is located at 33 Elm Street East Aurora, NY.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Two occupied retail storefronts, approximately 2,800 and 1,800 square feet; Long‑term leases in place for both spaces; Approximately six dedicated parking spaces
