5476 Broadway St, Lancaster, NY 14086

Located in the heart of Lancaster Village, this mixed-use property at 5476 Broadway St presents an investment opportunity with curb appeal and street exposure. Situated on a corner lot, the property consists of two buildings with a mix of retail and residential units. The property includes off-street and garage parking for approximately 10 cars, along with an adjacent lot on School St. The front building features two retail storefronts, each approximately 1,000 sqft, currently operating as a custom cabinet and countertop showroom and a restaurant. The second floor of the front building contains four apartments: two 2-bedroom units and two 1-bedroom units. The third floor has the potential to be converted into two additional rental units. The rear building houses three apartments: one 1-bedroom and two 2-bedroom units, along with garage parking. An additional parcel, addressed as 9 School St, provides an extra 7,000 sqft of lot size that could be converted into additional parking. All utilities across both buildings are separate, and all tenants are on month-to-month leases. The front building has newer electrical service and brand new central air units for the storefronts. The property is located just a block away from Central Ave and its amenities. The walk score is 77, indicating that the location is very walkable, and the bike score is 49, indicating that it is somewhat bikeable.