Mixed-Use Building with
6 Martha Street, Ellicottville, NY 14731
For Sale
New
$489,000
CommercialSale, Ellicottville, NY
Property Size2,000 SF
Lot Size0.19 Acres
Price / SF$244.50
Days on Market2
Property Features for 6 Martha Street
General Information
Property type
Property subtype
Zoning
Zoning description
Rooms
Parking
Lot features
Elementary school
High school
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Amenities
back deck
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
Holiday Valley Realty Co, Inc
(716) 699-2000
Listed By:
Julie Filipowicz · License NY #10401278550
(716) 864-7196
Added: Nov 9
Last Checked: Nov 10 at 4:06AM
MLS# B1724049
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 2,000-square-foot mixed-use property, built in 1960, combines a lower-level business space with an upper-floor apartment. The residence offers two bedrooms, one full bath, two half baths, a newly added separate entrance, and a rear deck. Frame construction and an asphalt roof complete the building’s basic profile.
At 6 Martha Street in Ellicottville, the property is within walking distance of downtown and near two ski resorts. The 0.192-acre parcel is served by public sewer. Heating includes baseboard and forced-air systems, with natural gas and electric listed as fuel sources.
At 6 Martha Street in Ellicottville, the property is within walking distance of downtown and near two ski resorts. The 0.192-acre parcel is served by public sewer. Heating includes baseboard and forced-air systems, with natural gas and electric listed as fuel sources.
Key Highlights
- 2,000 square feet on a 0.192‑acre parcel
- Lower‑level space has a long‑term weekday business tenant
- Upper apartment includes 2 bedrooms, 1 full bath, and 2 half baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,800
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,000
$396.0K
Cap Rate 7%
$282,857
$282.9K
Cap Rate 9%
$220,000
$220.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$36.0K $18.00/SF
− Vacancy
−$4.3K −$2.16/SF
EGI
$31.7K $15.84/SF
− OpEx
−$11.9K −$5.94/SF
NOI
$19.8K $9.90/SF
Area
Cattaraugus County, NY
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,000
Cap Rate 7%
$282,857
Cap Rate 9%
$220,000
Alternative Uses
Best Use
Mixed Use
$282.9K
$247.5K – $330.0K
NOI $19,800 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$395.3K
$345.9K – $461.2K
NOI $27,670 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
Demographics for 14731, NY
1,269
Population
2,501
Households
0.5
Avg Household Size
54
Median Age
37%
College-Educated
94%
High-School Grad
45.5 sq mi
ZIP Area
28
Density / Sq Mi
$64,091
Median Household Income
$37,750
Median Earnings
$908
Median Rent
$255,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The upper-floor residence has two bedrooms, a private entrance, and a rear deck.
Where is this mixed-use property located?
The property is located at 6 Martha Street Ellicottville, NY.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: 2,000 square feet on a 0.192‑acre parcel; Lower‑level space has a long‑term weekday business tenant; Upper apartment includes 2 bedrooms, 1 full bath, and 2 half baths
