4467 Lake Shore RdHamburg, NY 14075

Property Details for 4467 Lake Shore Rd

Year built

1940

Lot size

0.11 AC

Property size (Sq ft)

6,554 SF

Property type

Investment properties

Property subtype

Live-work space

APN

144889 170.05-13-22

APU

144889170051322

Description

This exceptional mixed-use investment opportunity in Hamburg, NY, presents four adjacent buildings totaling 11,274 square feet on Lake Shore Road. The property comprises two two-story brick buildings featuring ground-floor retail space and a combined three apartments above. A freestanding building currently operates as a Mexican restaurant, adding to the income stream. A separate duplex in the rear further enhances the investment potential. Built in 1940, the property boasts off-street parking and benefits from extremely high traffic counts. The permitted zoning is Retail/Residential, offering significant redevelopment potential. This package includes five units in total. An adjacent undeveloped residential lot at 3605 Morgan Pkwy is also available for purchase separately. The property offers stunning lake views and presents a compelling opportunity for investors seeking a diversified income stream and future development possibilities within a high-traffic location. The asking price for this unique portfolio is $925,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,188,933

  6.5%

  $1,097,476

  7%

  $1,019,085

• Comparable approach

  Method

  Valuation

  Relative Method

  $627,026

  Geo Method

  $591,618

• Alternative Use

  Use

  Valuation

  Residential

  $1,360,871

  Hospitality

  $1,246,550

  Educational

  $1,037,115

  Medical

  $1,072,783

  Retail

  $1,613,290

Location Insight

City

Hamburg

County

Erie

State

New York

Latitude

42.7625

Longitude

-78.8785

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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