5684 Main StWilliamsville, NY 14221

For Sale
$800,000
Prime Mixed-Use Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional Williamsville, NY property, located at 5684 Main Street, offers 4,931 square feet of fully renovated office space across two buildings on a 0.29-acre lot. Currently generating a strong NOI of $45,000 with a 5.56% cap rate, this stabilized investment boasts a gross lease structure with multi-tenant occupancy and a remaining lease term of four years. Both buildings are leased, with personal guarantees on the leases, providing immediate cash flow. The property features 13 on-site parking spaces and is zoned MU (Mixed Use), allowing for potential future conversion to residential use or owner-occupancy upon lease expiration. Situated in a highly desirable, walkable neighborhood near I-290, this property benefits from its prime location within a thriving, affluent community with abundant shops and a dense residential population. Built in 1925, this Class B property offers a blend of creative and traditional office spaces, making it an ideal investment for discerning buyers seeking a stable, high-return asset with significant upside potential. The asking price is $800,000, representing a price per square foot of $157.98. This is a rare opportunity to acquire a well-leased, mixed-use property in a highly sought-after location.

Highlights

  • 4,931 SF of fully renovated office space in two buildings on a 0.29-acre lot in Williamsville, NY.
  • Strong NOI of $45,000 with a 5.56% cap rate and a four-year lease term remaining.
  • Gross lease structure with multi-tenant occupancy and personal guarantees on leases.
  • 13 on-site parking spaces and MU zoning allowing for potential future residential conversion.
  • Prime location in a walkable, affluent neighborhood near I-290, with abundant shops and a dense residential population.
  • Asking price: $800,000 ($157.98/SF).

Property Details for 5684 Main St

Property type
Office properties, Office space
Square Feet
4,931 SF
Class
B
Year Built
1925
Buildings
2
Stories
2
Lot Size (sq. ft)
12,632 SF

Location Insight

City
Williamsville
County
Erie
State
New York
Latitude
42.9637658
Longitude
-78.7412367
5684 Main St, Williamsville, New York

FAQs

What type of property is this?
Office property - Prime Mixed-Use Investment Opportunity
Where is the office property located?
The property is located at 5684 Main St Williamsville, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 4,931 SF of fully renovated office space in two buildings on a 0.29-acre lot in Williamsville, NY.; Strong NOI of $45,000 with a 5.56% cap rate and a four-year lease term remaining.; Gross lease structure with multi-tenant occupancy and personal guarantees on leases.
How can I contact the broker?
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5684 Main St
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