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    5011 Broadway Depew, NY 14043

    Sponsored
    For Sale
    $299,900

    Prime Depew Retail Space - Vacant & Renovated

    Property size:
    2,940 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,940+/- square foot vacant storefront, located at 5011 Broadway in Depew, NY, presents a remarkable investment opportunity. The Class B building, constructed in 1940 and completely renovated in 2020, boasts a desirable corner location on Broadway and Wenona Street. Its convenient location offers easy access to major roadways, including the New York State Thruway (I-90) and Buffalo-Niagara International Airport, situated approximately six-tenths of a mile east of the intersection of Broadway and Transit Road. The property features a single story building on a 0.02-acre lot, with ample on-street parking available on Broadway, plus additional parking in front and along the side. A significant advantage is the inclusion of a rear 10-foot drive-in garage door, ideal for loading and unloading. Further enhancing visibility and brand recognition is a large pole sign situated prominently on Broadway. The property is zoned for commercial use and is priced at $299,900, translating to $102.01 per square foot. This fully renovated space is perfect for a variety of retail or professional office uses. Don't miss this chance to acquire a high-visibility, well-located commercial property in a thriving area.

    Property Features for 5011 Broadway

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,940 SF
    Class
    B
    Lot Size
    871 SF

    Building Details

    Year Built/Renovated
    1940/2020
    Buildings
    1
    Stories
    1

    HighLights

    • 2,940+ SF vacant storefront in Depew, NY.
    • Corner location at Broadway & Wenona Street, 1⁄2 mile east of Transit Road.
    • Features a 10' rear drive‑in garage door.
    • Completely renovated in 2020.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jennick Orthotics Medical Clinic Mr. John Aquino Podiatrist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Depew
    County
    Erie
    State
    New York
    Longitude
    -78.6893756
    Latitude
    42.9013858

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    FAQs

    What type of property is this?
    Individual retail property - Prime Depew Retail Space - Vacant & Renovated
    Where is this individual retail property located?
    The property is located at 5011 Broadway Depew, NY.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: 2,940+ SF vacant storefront in Depew, NY.; Corner location at Broadway & Wenona Street, 1⁄2 mile east of Transit Road.; Features a 10' rear drive-in garage door.
    Request Owner's contact information
    5011 Broadway Depew, NY 14043
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    Depew, NY 14043
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5011 Broadway Depew, NY 14043
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