4730 BroadwayDepew, NY 14043

Property Details for 4730 Broadway

Year built

1971

Lot size

0.26 AC

Property size (Sq ft)

2,150 SF

Zone code

05C

Property type

Investment properties

Property subtype

Retail residential properties

APN

143003 104.69-3-14.1

APU

143003104693141

Description

This exceptional 2,150 sq ft commercial property in Depew, NY, presents a compelling investment opportunity. Situated on Broadway, a high-visibility street boasting a daily traffic count of 16,835 vehicles, this property ensures maximum exposure. Currently occupied by the owner, who is offering a triple net (NNN) lease at $1,750 per month, providing immediate and consistent income. Lease options include a 10-year term or a 5-year lease with two 5-year renewal options, guaranteeing long-term stability. The building itself has recently undergone upgrades, including a new heating system installed just 1.5 years ago, minimizing maintenance concerns and maximizing efficiency. This 0.26-acre lot offers a prime location for a variety of commercial uses. The property's 8% cap rate makes it an attractive investment with predictable returns. This is a rare chance to acquire a property with a reliable, long-term tenant in a high-traffic area, offering both immediate income and significant long-term potential. Don't miss this opportunity to secure a stable and profitable investment.

• CAP approach

  CAP return

  Valuation

  6%

  $483,614

  6.5%

  $446,413

  7%

  $414,527

• Comparable approach

  Method

  Valuation

  Relative Method

  $318,819

  Geo Method

  $209,648

• Alternative Use

  Use

  Valuation

  Residential

  $446,413

  Hospitality

  $408,912

  Educational

  $340,210

  Medical

  $351,911

  Retail

  $529,216

Location Insight

City

Depew

County

Erie

State

New York

Latitude

42.9021

Longitude

-78.6998

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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