Mixed-Use Property with Restaurant &
4860 Route 430 Bemus Point, NY 14712
For Sale
$585,000
Pending
Mixed-use building offers a prepared restaurant space, a 2-bedroom apartment, and 26 storage units on one parcel.
Property Size3,648 SF
Days on Market466
Property Features for 4860 Route 430
General Information
- Standard status
- Pending
- Size
- 3,648 SF
Listing Agency:
Howard Hanna Holt - Mayville
(716) 269-4208
Listed By:
Stephen Holt · License #10311209104
(716) 269-4208
Source:
Exprealty
Added: Apr 15, 2025
Changed: Jul 23
Last Checked: Jul 23 at 5:03PM
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 Howard Hanna Holt - Mayville
Investment Insights
Based on property information with market context.
This mixed-use property combines three distinct components under one roof and on a single parcel. The first floor was recently used as a restaurant and includes commercial kitchen infrastructure, providing a functional setup for continued food service or conversion to retail uses. The second floor features an updated, move-in-ready 2-bedroom apartment with a separate private entrance. In addition, the property includes 26 income-generating storage units, supporting an ongoing storage operation.
Located on Route 430 in the Town of Ellery, the property is described as high-visibility and is directly across the street from Midway State Amusement Park. The remarks also note ample parking on-site, which can support daily customer access for the commercial space and storage tenants.
The parcel includes additional land, offering room to expand the storage business. Overall, the configuration provides multiple income streams from commercial, residential, and storage use.
Located on Route 430 in the Town of Ellery, the property is described as high-visibility and is directly across the street from Midway State Amusement Park. The remarks also note ample parking on-site, which can support daily customer access for the commercial space and storage tenants.
The parcel includes additional land, offering room to expand the storage business. Overall, the configuration provides multiple income streams from commercial, residential, and storage use.
Key Highlights
- Mixed‑use building on Route 430 in the Town of Ellery, with commercial, residential, and storage components on one parcel
- First floor is a prepared commercial restaurant space with commercial kitchen infrastructure and ample parking
- Second floor features a modern 2‑bedroom apartment with a separate private entrance
Financial Insights For Specialty 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 | $65.7k | $18.00 |
| − Vacancy | −$1.7k | −$0.47 |
| EGI | $64.0k | $17.53 |
| − OpEx | −$16.0k | −$4.38 |
| NOI | $48.0k | $13.15 |
3,648 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$685.3K
$599.6K – $799.5K
NOI $47,968 @ 7.0% cap · market cap 8.20%
Second Best
Warehouse
$391.4K
$342.5K – $456.6K
NOI $27,397 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$1.09M
$955.4K – $1.27M
NOI $76,433 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Mixed-use property - Mixed-use building offers a prepared restaurant space, a 2-bedroom apartment, and 26 storage units on one parcel.
Where is this mixed-use property located?
The property is located at 4860 Route 430 Bemus Point, NY.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Mixed‑use building on Route 430 in the Town of Ellery, with commercial, residential, and storage components on one parcel; First floor is a prepared commercial restaurant space with commercial kitchen infrastructure and ample parking; Second floor features a modern 2‑bedroom apartment with a separate private entrance
