6879 Erie Road

Evans, NY 14047

$1,100,000
Price
Beds
6,494 Sq. Ft.
$169 / Sq. Ft.
6,494
Sq. Ft.
$169
per Sq. Ft.

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
  1. Listed by Thejan Kodituwakku • Keller Williams Realty WNY
    P: (716)-832-3300 C: (716)-292-8756 tkodituwakku@kw.com

Property Details for 6879 Erie Road

On Waterfront
No
Parking Description
Driveway, On Site
Zoning Code
GB
Nearest Cross Street
Prescott dr
LISTING UPDATED: 08/28/2024 10:23 PM

Property Details for 6879 Erie Road

StatusActive
MLS #B1561865
Days on Market88
Taxes$12,380 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeApartment
MLS TypeCommercial Sale / Apartment
Year Built-
Lot Size1.40 AC / 60,984 SF
CountyErie County

Building Information for 6879 Erie Road

Stories1Residences-Year Built-Lot Size1.40 AC / 60,984 SF

Property Information for 6879 Erie Road

Summary
Location and General Information
  • Elementary School District: Lake Shore (Evans-Brant)
  • High School District: Lake Shore (Evans-Brant)
  • Middle Or Junior School District: Lake Shore (Evans-Brant)
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Parking Total: 11.00
Taxes and HOA Information
  • Area NYSWIS Code: Evans-144489
  • Tax Annual Amount: $12,380.00
Property
Lot Information
  • Building Area Total: 6494.0
  • Num Of Acres: 1.4
  • Lot Size Area: 1.4
  • Lot Size Square Feet: 60984.0
  • Lot Size Units: Acres
  • Num Of Buildings: 11
  • Parcel Number: 144489-206-080-0001-010-000
  • Possible Uses: Hotel Motel, Residential
  • Lot Number: 10
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $205,000
  • Year Built Description: Existing
  • Zoning Description: Commercial
  • Property Sub Type Additional: Apartment, Commercial, Other
Utilities
  • Sewer Description: Public Sewer
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Public
Interior and Exterior Features
Exterior Features
  • Roof Description: Asphalt, Metal
Interior Features
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Heating: Gas, Forced Air, Space Heater
  • Heating YN: Yes
  • Levels: One
  • Sq Ft Total: 6494.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
  • Operating Expense Includes: Electric, Fuel, Insurance, Snow Removal, Utilities, Water Sewer
  • Stories: 1
  • Stories Total: 1
Rental
Rental Information
  • Lease YN: No
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 6879 Erie Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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6879 Erie Road is for sale in Evans, NY 14047. This property was listed for sale on August 28, 2024 by Keller Williams Realty WNY, it's currently listed at $1,100,000. It has been on the market for a total of 88 days and was last sold on August 31, 2005. This listing's school district is Evans-Brant Central School District (Lake Shore). Nearby schools include Highland Elementary School, William G Houston Middle School and Lake Shore Senior High School. 6879 Erie Road is a 0-bed, 0-bath, 6,494 sqft.

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Listing Courtesy of Keller Williams Realty WNY

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.