3682 Route 430 Ellery NY 14712 MLS #R1497674

3682 Route 430
Ellery, NY, 14712
$399,900
2 Beds
0 Baths
6,604 SqFt
3.1 Acres
Incredible Investment Opportunity with Stunning Lake Views! Welcome to 3682 Route 430, Bemus Point, NY – a 16-unit property on three sprawling acres of prime real estate. Location, Location, Location: Situated overlooking the serene Chautauqua Lake and a mere three-minute drive to the charming downtown Bemus Point, where quaint shops, restaurants, and lakeside attractions await. A quick two-minute drive to the I-86, ensuring easy access to neighboring cities and towns. Endless Potential: The possibilities are boundless with this property’s three acres of buildable land. Whether you dream of expanding the existing units, creating additional rental spaces, or embarking on an entirely new business venture, this property lays the foundation for your vision. Completely separate electrical services, allowing tenants to control their electricity expenses. With the maintenance manager residing on-site in one of the units, you can have an on-site manager to help you with maintenance. The opportunity for short-term rentals such as Airbnb or VRBO is certainly an option. You can also continue to serve long-term tenants in this amazing growth opportunity.

Property Details

Price:
$399,900
MLS #:
R1497674
Status:
Active
Beds:
2
Baths:
0
Address:
3682 Route 430
Type:
Commercial
Subtype:
Other
City:
Ellery
Listed Date:
Sep 13, 2023
State:
NY
Finished Sq Ft:
6,604
ZIP:
14712
Lot Size:
3 acres
Year Built:
1960
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3682 Route 430
Ellery, NY

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Schools

School District:
Bemus Point
Elementary School:
Bemus Elementary
High School:
Maple Grove Junior-Senior High

Interior

Appliances
Exhaust Fan, Electric Oven, Electric Range, Electric Water Heater, Microwave, Range Hood
Heating
Electric, Baseboard

Exterior

Construction Materials
Brick, Stucco, Vinyl Siding, Wood Siding, Copper Plumbing, P E X Plumbing
Exterior Features
Blacktop Driveway
Parking Features
One Space, Driveway, No Garage
Roof
Asphalt

Financial

Buyer Agent Compensation
2.5%
Net Operating Income
$91,704
Taxes
$9,675

Map

Community

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