Mixed-Use Property with
For Sale
$475,900
6848 Erie Road, Derby, NY 14047
CommercialSale, Derby, NY
Property Size3,036 SF
Lot Size0.68 Acres
Price / SF$156.75
Days on Market154
Property Features for 6848 Erie Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C06 A07
Zoning description
Residential Multi Use
Parking
35
Parking features
Paved or Surfaced
Lot features
Irregular Lot
Elementary school
Highland Elementary
Middle school
Lake Shore Central Middle
High school
Lake Shore Senior High
Elementary school district
Lake Shore (Evans-Brant)
Middle school district
Lake Shore (Evans-Brant)
High school district
Lake Shore (Evans-Brant)
Subdivision
Evans-144489
Standard status
Active
APN
144489-192-200-0009-009-000
Size
3,036 SF
Lot size
0.68 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Taxes and HOA fees
Tax Annual Amount
7607
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Forced Air, Hot Water(Heating), Natural Gas
Cooling system
Zoned
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
2
Flooring type
Carpet, Linoleum, Vinyl
Building materials
Frame
Roof type
Rubber, Shingle, Membrane
Listing Agency:
WNY Metro Roberts Realty
(716) 947-5555
Listed By:
Kimberly Hulburd · License #40HU0735049
(716) 725-8725
Added: May 28
Changed: Oct 24
Last Checked: Oct 28 at 3:06PM
MLS# B1685475
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 3,036-square-foot mixed-use property combines a bar and restaurant with a separate two-bedroom apartment. The commercial area includes an 18-by-28-foot bar room with a 30-foot bar top, a 30-by-30-foot dining room, a 29-by-11-foot kitchen, and a 20-by-20-foot storage and office area. Kitchen equipment and an 8-by-10-foot walk-in cooler are included. A 34-by-16-foot covered deck extends the customer area, while the apartment measures 800 square feet and includes living, kitchen, and two bedrooms. The apartment also has newer windows and a 10-by-11-foot deck.
Built in 1960, the frame building has vinyl siding, central air, forced-air heating, and two-zone baseboard heat. The property sits on a 0.6775-acre corner lot at 6848 Erie Road in Derby, NY, with a paved parking area accommodating approximately 35 vehicles. Public water and public sewer serve the property, which is zoned C06 A07.
Built in 1960, the frame building has vinyl siding, central air, forced-air heating, and two-zone baseboard heat. The property sits on a 0.6775-acre corner lot at 6848 Erie Road in Derby, NY, with a paved parking area accommodating approximately 35 vehicles. Public water and public sewer serve the property, which is zoned C06 A07.
Key Highlights
- 3,036‑square‑foot mixed‑use property with bar, restaurant, and 800‑square‑foot two‑bedroom apartment
- 18‑by‑28‑foot bar room with a 30‑foot bar top
- 30‑by‑30‑foot dining room and 29‑by‑11‑foot kitchen with equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,560
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,200
$731.2K
Cap Rate 7%
$522,286
$522.3K
Cap Rate 9%
$406,222
$406.2K
Market Conditions
NOI Build-Up for 3,036 SF
Gross rent
$54.6K $18.00/SF
− Vacancy
−$5.9K −$1.94/SF
EGI
$48.7K $16.06/SF
− OpEx
−$12.2K −$4.01/SF
NOI
$36.6K $12.04/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,200
Cap Rate 7%
$522,286
Cap Rate 9%
$406,222
Alternative Uses
Best Use
Specialty Retail
$522.3K
$457.0K – $609.3K
NOI $36,560 @ 7.0% cap · market cap 7.68%
Second Best
Mixed Use
$407.4K
$356.5K – $475.3K
NOI $28,519 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$663.7K
$580.7K – $774.3K
NOI $46,458 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Explore this area
Business Placement
Demographics for 14047, NY
6,152
Population
2,707
Households
2.3
Avg Household Size
47
Median Age
19%
College-Educated
91%
High-School Grad
13.1 sq mi
ZIP Area
470
Density / Sq Mi
$76,525
Median Household Income
$45,546
Median Earnings
$964
Median Rent
$180,800
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner-lot property combining a restaurant operation, covered outdoor seating, and a two-bedroom apartment.
Where is this mixed-use property located?
The property is located at 6848 Erie Road Derby, NY.
What is the asking price?
The asking price for this property is $475,900.
What are key features of this property?
This property features: 3,036‑square‑foot mixed‑use property with bar, restaurant, and 800‑square‑foot two‑bedroom apartment; 18‑by‑28‑foot bar room with a 30‑foot bar top; 30‑by‑30‑foot dining room and 29‑by‑11‑foot kitchen with equipment
