6879 Erie Road
$1,100,000
—
6,494
6,494
$169
Description
This unique commercial investment opportunity features 15 units across 11 buildings on a single lot, zoned as a motel and currently rented as residential units, generating over $110,000 annually in rental income. With the potential to raise rents or convert the units to short-term rentals for significantly increased earnings, this property presents a versatile income opportunity. All buildings have been well-maintained, with new roofs, water lines, gas lines, and electric lines installed. Located...This unique commercial investment opportunity features 15 units across 11 buildings on a single lot, zoned as a motel and currently rented as residential units, generating over $110,000 annually in rental income. With the potential to raise rents or convert the units to short-term rentals for significantly increased earnings, this property presents a versatile income opportunity. All buildings have been well-maintained, with new roofs, water lines, gas lines, and electric lines installed. Located on Route 5 in Derby, this prime location offers high visibility and steady traffic flow, connecting to the scenic Lake Erie shoreline. The surrounding residential neighborhoods provide a strong local customer base, and nearby attractions like Lake Erie Beach Park draw visitors year-round, making this property ideal for a variety of commercial venture
- Listed by Thejan Kodituwakku • Keller Williams Realty WNYP: (716)-832-3300 C: (716)-292-8756 tkodituwakku@kw.com
Property Details for 6879 Erie Road
On Waterfront
No
Parking DescriptionDriveway, On Site
Zoning CodeGB
Nearest Cross StreetPrescott dr
LISTING UPDATED: 08/28/2024 10:23 PM
Property Details for 6879 Erie Road
Status | Active |
---|---|
MLS # | B1561865 |
Days on Market | 88 |
Taxes | $12,380 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Apartment |
MLS Type | Commercial Sale / Apartment |
Year Built | - |
Lot Size | 1.40 AC / 60,984 SF |
County | Erie County |
Building Information for 6879 Erie Road
Stories1Residences-Year Built-Lot Size1.40 AC / 60,984 SF
Property Information for 6879 Erie Road
Property History for 6879 Erie Road
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6879 Erie Road
Taxable ValueLand$105,000Additions$100,000Total$205,000
Home Facts
Total Finished SqFt252 SqFtAbove Grade Finished SqFt252 SqFtStories1Lot Size60,984 SqFtStyleHotel / MotelYear Built1945CountyERIEAPN144489 206.08-1-10
Schools near 6879 Erie Road
This home is within Evans-Brant Central School District (Lake Shore).
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Highland Elementary School PublicK to 5 | ||
William G Houston Middle School Public6 to 8 | ||
Lake Shore Senior High School Public9 to 12 | ||
John T Waugh Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.