Mixed-Use Property with
For Sale
$450,000
83 John St, Akron, NY 14001
Two residential units accompany an attached storefront with retail and food-service equipment.
Property Size3,596 SF
Days on Market48
Property Features for 83 John St
General Information
Standard status
Active
Size
3,596 SF
Property subtype
Multi Family
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$5,023
Building Details
Building Size
3,596 SF
Year Built
1900
Buildings
1
Stories
2
Units
2
Listing Agency:
Keller Williams Realty Buffalo Northtowns
Listed By:
Lynn M McCarthy · License #10301214462
(716) 308-1708
Source:
Elliman
Added: Sep 16
Changed: Oct 31
Last Checked: Nov 1 at 6:45AM
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 Keller Williams Realty Buffalo Northtowns
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Investment Insights
Based on property information with market context.
This mixed-use property at 83 John St combines two residential units with an attached commercial storefront. One apartment offers two bedrooms, in-unit laundry, and stamped-concrete patio access. The second unit includes in-unit laundry and a private balcony. Both units are currently owner occupied. Gas and electric service through one meter, a 1.5-car garage, driveway, off-street parking, and a fully fenced yard add practical features to the residential component.
The storefront includes central air and equipment for deli, convenience, and food-service operations, including a walk-in cooler, exhaust hood, three-bay sink, grease trap, stainless-steel worktables, shelving, freezers, beverage cooling, grill, deli case, slicer, warmers, and related machines. Improvements include updated electrical and lighting, cabinetry, countertops, tile flooring, newer windows, siding, and a newer hot water tank. The roof dates to approximately 2001, and the property was built in 1900. Located in the Village of Akron, the property carries a bike score of 29 and a walk score of 0.
The storefront includes central air and equipment for deli, convenience, and food-service operations, including a walk-in cooler, exhaust hood, three-bay sink, grease trap, stainless-steel worktables, shelving, freezers, beverage cooling, grill, deli case, slicer, warmers, and related machines. Improvements include updated electrical and lighting, cabinetry, countertops, tile flooring, newer windows, siding, and a newer hot water tank. The roof dates to approximately 2001, and the property was built in 1900. Located in the Village of Akron, the property carries a bike score of 29 and a walk score of 0.
Key Highlights
- Mixed‑use property at 83 John St, Akron, NY 14001
- Two residential units attached to a commercial storefront
- 1.5‑car garage, driveway, off‑street parking, and fully fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,780
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,600
$675.6K
Cap Rate 7%
$482,571
$482.6K
Cap Rate 9%
$375,333
$375.3K
Market Conditions
NOI Build-Up for 3,596 SF
Gross rent
$64.7K $18.00/SF
− Vacancy
−$10.7K −$2.97/SF
EGI
$54.0K $15.03/SF
− OpEx
−$20.3K −$5.64/SF
NOI
$33.8K $9.39/SF
Area
Erie County, NY
Vacancy
16.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,600
Cap Rate 7%
$482,571
Cap Rate 9%
$375,333
Alternative Uses
Best Use
Specialty Retail
$618.6K
$541.3K – $721.7K
NOI $43,303 @ 7.0% cap · market cap 9.62%
Second Best
Mixed Use
$482.6K
$422.3K – $563.0K
NOI $33,780 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$786.1K
$687.8K – $917.1K
NOI $55,027 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
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Business Placement
Demographics for 14001, NY
9,482
Population
4,477
Households
2.1
Avg Household Size
47
Median Age
26%
College-Educated
91%
High-School Grad
64.5 sq mi
ZIP Area
147
Density / Sq Mi
$73,786
Median Household Income
$46,220
Median Earnings
$744
Median Rent
$221,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential units accompany an attached storefront with retail and food-service equipment.
Where is this mixed-use property located?
The property is located at 83 John St Akron, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Mixed‑use property at 83 John St, Akron, NY 14001; Two residential units attached to a commercial storefront; 1.5‑car garage, driveway, off‑street parking, and fully fenced yard
