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 | 119 |
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 |
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Date | Event & Source | Price |
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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.
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