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Elma
14059
2901 Bowen Rd

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FOR SALE

Investment properties

2901 Bowen Rd, Elma, NY 14059

6,450 SF 1.42 ac lot Built 1978

Entity Owned 21-yr Hold Absentee Owner Free & Clear

Property ID

US63-1926557

$699,000 6,450 SF

2901 Bowen Rd, Elma, NY 14059
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This exceptional multi-use property, situated on 1.42 acres along the scenic Buffalo Creek in Elma, NY, presents a unique investment opportunity. The 6,450 square foot building boasts a rich history, meticulously maintained for 38 years. Currently configured as four office suites and two residential apartments, this versatile space offers significant income potential. The office suites range in size from 400 to 1780 square feet, with Suites 1 and 2 easily combined to create a larger space. Two offices are currently occupied, while two are vacant and ready for immediate lease. Each of the two spacious one-bedroom, one-bathroom apartments features a large kitchen, living room, in-unit laundry, and a second-floor loft area ideal for a home office. A complete renovation in 1985, coupled with ongoing updates, ensures the building is in excellent condition. A full, dry basement with 8-foot ceilings provides ample, individually accessible storage for tenants. Convenient access is provided via a main entrance for the office suites (with rear entrances for Suites 1 & 2) and a separate rear entrance for the residential units. Ample parking is available on the paved lot. Detailed floor plans are available upon request. This property offers a blend of commercial and residential income streams in a desirable location, making it an attractive investment for discerning buyers.