Mixed-Use Property with Commercial
For Sale
$389,900
7501 Seneca Street, East Aurora, NY 14052
C1 zoning and a connecting enclosed porch link the residence with the separate business area.
Property Size1,872 SF
Lot Size1.00 Acre
Price / SF$208.28
Days on Market30
Property Features for 7501 Seneca Street
General Information
Standard status
Active
Size
1,872 SF
Total Parking Spaces
10
Lot size
1.00 Acre
Property subtype
Commercial
Zoning
C1, Commercial
Additional Details
Condition
Newly Renovated
Property Use
Office
Taxes and HOA fees
Annual Taxes
$4,057
Building Details
Building Size
1,872 SF
Year Built
1876
Year Renovated
2024
Buildings
2
Stories
2
Listing Agency:
Element Realty Services
(716) 600-4663
Listed By:
Mandy A Carl · License #40CA1116613
(716) 870-8732
Source:
Franzese-realestate
Added: Sep 29
Changed: Oct 25
Last Checked: Oct 26 at 3:57AM
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 Element Realty Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property occupies one acre and includes a three-bedroom, two-bath residence alongside a separate commercial area. An enclosed porch connects the two spaces. The commercial area was remodeled in 2024 and has a half bath, mini-split heating and cooling, and a new electrical panel. The home was built in 1876, and the property is zoned C1, Commercial.
Recent work includes new siding in 2025; replacement windows, insulation, carpeting, a deck, and sidewalks in 2024; and landscaping, additional sidewalks, driveway topping, and a new garage roof and doors in 2026. An oversized 2½-car garage is also on site. Replacing it with a commercial or accessory building of up to 3,000 square feet is a possibility, subject to zoning, permitting, and approvals.
Recent work includes new siding in 2025; replacement windows, insulation, carpeting, a deck, and sidewalks in 2024; and landscaping, additional sidewalks, driveway topping, and a new garage roof and doors in 2026. An oversized 2½-car garage is also on site. Replacing it with a commercial or accessory building of up to 3,000 square feet is a possibility, subject to zoning, permitting, and approvals.
Key Highlights
- One‑acre parcel with C1, Commercial zoning
- Three‑bedroom, two‑bath residence and separate commercial area connected by an enclosed porch
- Commercial area remodeled in 2024; includes a half bath, mini‑split HVAC, and new electrical panel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,457
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,140
$469.1K
Cap Rate 7%
$335,100
$335.1K
Cap Rate 9%
$260,633
$260.6K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$38.2K $20.40/SF
− Vacancy
−$6.9K −$3.69/SF
EGI
$31.3K $16.71/SF
− OpEx
−$7.8K −$4.18/SF
NOI
$23.5K $12.53/SF
Area
Erie County, NY
Vacancy
18.10%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,140
Cap Rate 7%
$335,100
Cap Rate 9%
$260,633
Alternative Uses
Best Use
Office B
$335.1K
$293.2K – $391.0K
NOI $23,457 @ 7.0% cap · market cap 6.02%
Second Best
Mixed Use
$251.2K
$219.8K – $293.1K
NOI $17,585 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$409.2K
$358.1K – $477.4K
NOI $28,646 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Explore this area
Business Placement
Demographics for 14052, NY
17,679
Population
7,603
Households
2.3
Avg Household Size
47
Median Age
47%
College-Educated
96%
High-School Grad
61.2 sq mi
ZIP Area
289
Density / Sq Mi
$103,474
Median Household Income
$57,093
Median Earnings
$992
Median Rent
$312,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C1 zoning and a connecting enclosed porch link the residence with the separate business area.
Where is this mixed-use property located?
The property is located at 7501 Seneca Street East Aurora, NY.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: One‑acre parcel with C1, Commercial zoning; Three‑bedroom, two‑bath residence and separate commercial area connected by an enclosed porch; Commercial area remodeled in 2024; includes a half bath, mini‑split HVAC, and new electrical panel
