2430 Bowen Rd, Elma, NY 14059
7,720 SF | 100% Leased | Office Building | Elma, NY 14059 | $1,975,000 ($256/SF) | 3.34% Cap Rate
For Sale
Active
Asking Price $1,975,000
- Property Type
-
Office
- Square Feet
- 7,720 SF
- Price / Square Foot
- $256
Listing Contacts
Cynthia Ceier
Property Overview
Location, Location!! This property is a CASH COW in a growing suburb of Buffalo,NY. Tenants have been long term who love the building environment and convenient location with access to a bus route , walking distance to restaurants, bank and essential businesses. An easy 20 minute drive to Buffalo,NY and a 5 minute drive south to the quaint town of East Aurora. This 7300 sq ft commercial / residential building ( mixed use ) located in the heart of Elma Center which sits on 1.25 acres. There are 4 office spaces on the first floor and 3 apartments on the second floor. All spaces have been renovated and updated. There is a 2 car garage which occupies a portion of the first floor. The septic system has a new filter bed. The roof was redone in 2005 and I was told by the roofer that it has a 40 yr lifespan.
Property Details
- Class
- C
- Year Built
- 1980
- Stories
- 2
- Property Subtype
- Office/Residential
- Lot Size (sq. ft)
- 53,579 SF
Highlights
- very profitable in a high demand area
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