Multifamily Property in Ellicottville
For Sale
$400,000
8 Monroe St, Ellicottville, NY 14731
Three-unit multifamily property in the heart of Ellicottville, New York.
Property Size1,788 SF
Lot Size0.14 Acres
Days on Market242
Property Features for 8 Monroe St
General Information
Standard status
Active
Size
1,788 SF
Lot size
0.14 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,815
Building Details
Building Size
1,788 SF
Year Built
1928
Stories
2
Units
3
Listing Agency:
716 Realty Group WNY LLC
Listed By:
Gregory Straus · License #10491211091
(716) 864-1055
Source:
Elliman
Added: Mar 10
Changed: Oct 25
Last Checked: Nov 4 at 11:50AM
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 716 Realty Group WNY LLC
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Investment Insights
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Located in the center of Ellicottville, New York, this three-unit multifamily property features a main house and two back apartments. Situated directly across the street from City Garage and Villagio Italian Restaurant, and next to Monroe Liquor, EVL Winery, and Gin Mill, the property is within walking distance of the village's shops and amenities. Positioned within the commercial district, the property's zoning allows for a range of potential uses, including short-term rentals, retail, or mixed-use redevelopment, subject to town permissions and permits. The main front section of the property has been gutted to the studs, awaiting new electrical, plumbing, HVAC, and finishing touches. The roof has been recently replaced. This property offers an investment opportunity in Ellicottville.
Key Highlights
- Prime commercial location in the heart of Ellicottville, offering high visibility and foot traffic.
- Multifamily structure featuring a main house and two back apartments, providing multiple income streams or development options.
- Redevelopment potential with commercial zoning allowing for diverse uses (subject to town approval).
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three-unit multifamily property in the heart of Ellicottville, New York.
Where is this multifamily property located?
The property is located at 8 Monroe St Ellicottville, NY.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Prime commercial location in the heart of Ellicottville, offering high visibility and foot traffic.; Multifamily structure featuring a main house and two back apartments, providing multiple income streams or development options.; Redevelopment potential with commercial zoning allowing for diverse uses (subject to town approval).
