4535 BroadwayDepew, NY 14043

Property Details for 4535 Broadway

Year built

1995

Lot size

1.15 AC

Property size (Sq ft)

4,585 SF

Zone code

05C

Property type

Gas stations

APN

143003 103.20-1-11.21

APU

1430031032011121

Description

This exceptional commercial property at 4535 Broadway in Depew, NY, presents a lucrative investment opportunity. The 4,585 square foot building sits on a 1.15-acre lot and is currently comprised of a thriving gas station and a highly profitable car wash. These established businesses generate consistent revenue streams, providing a solid foundation for a strong return on investment. Adding to the property's potential is a previously successful ice cream shop, currently closed, offering a unique chance to revitalize a beloved local amenity or adapt the space to another complementary use. The existing infrastructure and ample space within the building allow for significant expansion possibilities. A prepared food service addition, such as a deli or cafГ©, is readily feasible and would further enhance the property's income potential. The high-traffic location ensures consistent customer flow, maximizing the profitability of all existing and potential future ventures. This turnkey operation is ideally suited for an investor seeking a multi-faceted income-generating asset or an owner-operator looking to expand their existing business portfolio. The asking price for this exceptional property is $3,200,000. This is a rare opportunity to acquire a well-established and highly profitable commercial property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,222,633

  6.5%

  $1,128,584

  7%

  $1,047,971

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,105,387

  Geo Method

  $726,875

• Alternative Use

  Use

  Valuation

  Residential

  $952,003

  Hospitality

  $872,030

  Educational

  $725,519

  Medical

  $750,470

  Retail

  $1,128,584

Location Insight

City

Depew

County

Erie

State

New York

Latitude

42.9009

Longitude

-78.7072

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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