4424 Bailey AveAmherst, NY 14226

Property Details for 4424 Bailey Ave

Year built

1956

Lot size

0.16 AC

Property size (Sq ft)

6,012 SF

Property type

Mixed-use properties

Description

This exceptional Amherst, NY mixed-use property presents a prime investment opportunity. Boasting 6,012 square feet on a 0.16-acre lot, this building offers a versatile blend of commercial and residential space. The ground floor, a previously leased 6,000+ square foot storefront (last leased at $2,000/month), is currently vacant and ready for a new tenant. Its high-visibility location on Bailey Avenue ensures excellent exposure. Upstairs, two fully renovated apartments generate consistent rental income. A three-bedroom unit and a two-bedroom unit each command $1,400/month in rent. Both apartments feature updated kitchens and bathrooms, new flooring, independent utilities (including new hot water tanks and furnaces), and dedicated laundry rooms. The property also includes a sizable rear area with significant potential for expansion or conversion into additional rentable space, such as office space or retail. An attached garage, divided into separate bays, offers further income potential through parking or storage rentals. Situated in a desirable school district, this property offers a compelling combination of immediate income and long-term growth potential. The motivated sellers make this an outstanding opportunity for investors seeking strong returns. The property is priced at $449,900.

Location Insight

City

Amherst

County

Erie

State

New York

Latitude

42.9756

Longitude

-78.8142

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