Mixed-Use Property with
New
For Sale
$349,900
4920 Academy Street, Clarence, NY 14031
CommercialSale, Clarence, NY
Property Size1,488 SF
Lot Size0.16 Acres
Price / SF$235.15
Days on Market6
Property Features for 4920 Academy Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
TND
Rooms
Basement
Parking
3
Subdivision
Holland Land Company's Su
Lot features
Rectangular, Rectangular Lot
Elementary school
Harris Hill Elementary
Middle school
Clarence Middle
High school
Clarence Senior High
Elementary school district
Clarence
Middle school district
Clarence
High school district
Clarence
Directions
Main Street (Clarence Hollow) to Academy Street
Standard status
Active
APN
143200-072-110-0001-008-200
Size
1,488 SF
Lot size
0.16 Acres
Additional Details
Property Use
Mixed-Use
Taxes and HOA fees
Tax Annual Amount
4793
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Building materials
AtticCrawlHatchwaysInsulated
Roof type
Metal, Shingle
Buildings
2
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Loretta Carr-Stock · License #10301224544
(716) 870-0269
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 28 at 1:06PM
MLS# B1724169
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use property pairs a ranch home with a separate shop. The home includes three bedrooms, 1.5 bathrooms, a full basement, and a first-floor laundry room. Its kitchen has custom cabinetry and a pantry, while the living and dining areas share an open layout. Additional features include central air conditioning, a high-efficiency furnace, and public water and sewer.
The shop is approximately 2,400 square feet, with 11-foot-6-inch ceilings, 200-amp three-phase electrical service, a 10-by-10-foot insulated overhead door, and a 19-by-12-foot office area. A metal roof covers the shop. The property is zoned TND, identified as Traditional Neighborhood (Mixed-Use), and is near Clarence Hollow Main Street, local dining and shopping, and the Clarence Bike Path.
The shop is approximately 2,400 square feet, with 11-foot-6-inch ceilings, 200-amp three-phase electrical service, a 10-by-10-foot insulated overhead door, and a 19-by-12-foot office area. A metal roof covers the shop. The property is zoned TND, identified as Traditional Neighborhood (Mixed-Use), and is near Clarence Hollow Main Street, local dining and shopping, and the Clarence Bike Path.
Key Highlights
- Approximately 2,400‑square‑foot shop with 11' 6" ceilings
- Shop includes 200‑amp three‑phase electrical service
- 10' x 10' insulated garage door with opener
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,978
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,560
$279.6K
Cap Rate 7%
$199,686
$199.7K
Cap Rate 9%
$155,311
$155.3K
Market Conditions
NOI Build-Up for 1,488 SF
Gross rent
$26.8K $18.00/SF
− Vacancy
−$4.4K −$2.97/SF
EGI
$22.4K $15.03/SF
− OpEx
−$8.4K −$5.64/SF
NOI
$14.0K $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%
$279,560
Cap Rate 7%
$199,686
Cap Rate 9%
$155,311
Alternative Uses
Best Use
Mixed Use
$199.7K
$174.7K – $233.0K
NOI $13,978 @ 7.0% cap · market cap 3.99%
Second Best
Warehouse
$113.3K
$99.1K – $132.2K
NOI $7,930 @ 7.0% cap · market cap 2.27%
Theoretical Best
Office A
$325.3K
$284.6K – $379.5K
NOI $22,770 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
11 ft
Clear height
1
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
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Business Placement
Demographics for 14031, NY
9,983
Population
4,539
Households
2.2
Avg Household Size
51
Median Age
51%
College-Educated
98%
High-School Grad
19.4 sq mi
ZIP Area
515
Density / Sq Mi
$99,639
Median Household Income
$59,366
Median Earnings
$930
Median Rent
$324,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ranch residence and a separate shop provide space for both living and business activities.
Where is this mixed-use property located?
The property is located at 4920 Academy Street Clarence, NY.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Approximately 2,400‑square‑foot shop with 11' 6" ceilings; Shop includes 200‑amp three‑phase electrical service; 10' x 10' insulated garage door with opener
