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    4730 Broadway Depew, NY 14043

    For Sale
    $239,900

    Grocery Store/Warehouse, High ROI

    Property size:
    2,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property in Depew, NY, presents a compelling investment opportunity. The 2,150 square foot building, situated at 4730 Broadway, combines retail and warehouse space, currently operating as a grocery store. The property boasts a strong 8.00% cap rate and is 100% occupied by a long-term tenant under a Triple Net (NNN) lease. The lease, with a remaining term of 5 years, offers a monthly rent of $1,750. Flexible lease options are available, including a potential 10-year lease or a 5-year lease with two 5-year renewal options, ensuring long-term income stability. The property features nine parking spaces and benefits from a high-visibility location on Broadway, experiencing a daily traffic count of 16,835 vehicles. Built in 1950, the building has undergone recent upgrades, including a new heating system installed within the last 1.5 years. The property is zoned for market use and has an APN of 143003-104-690-0003-014-100. This turnkey investment offers a blend of predictable returns and a prime location, making it an ideal addition to any portfolio. The seller is the current tenant and is prepared to lease back the property.

    Property Features for 4730 Broadway

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,150 SF

    Building Details

    Year Built
    1950

    HighLights

    • $239,900 asking price.
    • 2,150 square foot retail/industrial building (Grocery Store/Warehouse).
    • NNN lease, single tenant, 5‑year remaining term.
    • 8.00% cap rate, 100% occupancy.
    • 1950 construction, located at 4730 Broadway, Depew, NY 14043 (APN: 143003‑104‑690‑0003‑014‑100).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Upstate Bottle Return ... Recycling Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Depew
    County
    Erie
    State
    New York
    Longitude
    -78.6998356
    Latitude
    42.9021063

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    FAQs

    What type of property is this?
    Individual retail property - Grocery Store/Warehouse, High ROI
    Where is this individual retail property located?
    The property is located at 4730 Broadway Depew, NY.
    What is the asking price?
    The asking price for this property is $239,900.
    What are key features of this property?
    This property features: $239,900 asking price.; 2,150 square foot retail/industrial building (Grocery Store/Warehouse).; NNN lease, single tenant, 5-year remaining term.
    Request Owner's contact information
    4730 Broadway 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
    4730 Broadway Depew, NY 14043
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