Mixed-Use Investment Opportunity in
For Sale
$649,000
5476 Broadway St, Lancaster, NY 14086
Mixed-use property with retail and residential units in Lancaster Village.
Property Size9,856 SF
Lot Size0.16 Acres
Price / SF$649
Days on Market108
Property Features for 5476 Broadway St
General Information
Standard status
Active
Size
9,856 SF
Lot size
0.16 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,783
Building Details
Building Size
9,856 SF
Year Built
1920
Stories
3
Units
9
Listing Agency:
Gurney, Becker & Bourne
(716) 208-5340
Listed By:
Gary Greco Jr · License #10401251303
(716) 208-5340
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Apr 24 at 8:06PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Mixed‑use property with retail and residential units offering diverse income streams.
- Prime corner lot location in the heart of Lancaster Village, near Central Ave amenities.
- Significant parking capacity with off‑street, garage, and an adjacent 7,000 sqft lot for potential expansion.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Explore this area
Business Placement
Demographics for 14086, NY
35,010
Population
15,486
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
95%
High-School Grad
33.3 sq mi
ZIP Area
1,051
Density / Sq Mi
$95,949
Median Household Income
$53,164
Median Earnings
$983
Median Rent
$263,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with retail and residential units in Lancaster Village.
Where is this mixed-use property located?
The property is located at 5476 Broadway St Lancaster, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Mixed‑use property with retail and residential units offering diverse income streams.; Prime corner lot location in the heart of Lancaster Village, near Central Ave amenities.; Significant parking capacity with off‑street, garage, and an adjacent 7,000 sqft lot for potential expansion.
