Property profile

4933 Ellicott Rd Orchard Park, NY 14127

OFF-MARKET
Investment properties
Property ID
US63-1648987
2,016 SF 0.32 ac lot Built 1947
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional single-story commercial building, located at 4933 Ellicott Road in Orchard Park, NY, is offered for sale at $285,000. The 2,016 square foot building, constructed in 1920, sits on a 0.32-acre lot and features 12 parking spaces. Zoned B3, this property presents a fantastic opportunity for an owner-user. Previously a dry cleaning drop store, the versatile space is ready for a new business. The building is a single-story structure with a gross lease in place for a single tenant. The current lease is a two-year term, commencing June 15, 2024, and expiring June 15, 2026, with approximately 1.6 years remaining. The lease requires a three-month notice to vacate. The property enjoys a convenient location, within walking distance of entertainment and dining options in the Village of Orchard Park. Phase 2 of renovations has been completed. This is a rare opportunity to acquire a well-located commercial property with significant potential. The asking price per square foot is $141.37.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1947
Total area 2,016 SF
Lot 0.32 ac (14,000 SF)
Zoning code B3
APN 146089 173.13-1-12.2
UPID US63-1648987

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Grocery & Convenience Store Specialty Food Shop

Location

4933 Ellicott Rd Orchard Park, NY 14127-3357
Orchard Park metro Census 13501 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
1969
Price N/A

Zoning & alternative use

B3 · Orchard Park, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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