Listing Courtesy of: 716-671-3344 - Carol Klein - HUNT Real Estate Corporation
716-681-3900
$449,900
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4424 Bailey Ave Amherst, NY 14226
Mixed Use
Residence
Beds
Baths
6,012
Sq. Ft.
0.16
Acre
Lot
Property Activity
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days
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Prime investment opportunity in a high-traffic location! This versatile 6,000+ square foot mixed-use property offers incredible potential for both immediate income and long-term growth. The spacious ground-floor storefront, previously leased as a smoke shop for $2,000/month, is currently vacant and ...well-suited for a variety of retail or commercial uses. The second floor features two fully renovated apartments—one 3-bedroom and one 2-bedroom—each updated with new kitchens, modern bathrooms, and new flooring throughout. Both units are independently metered, equipped with new hot water tanks and furnaces, and have dedicated laundry rooms, making them highly desirable to tenants and easy to maintain. Currently, both apartments are leased at $1,400/month, providing steady rental income. The property also includes a large back space with excellent potential for conversion into rentable areas, such as office space, a spa, or additional retail. An attached garage with separate bays offers added income opportunities through parking or storage. Located on a high-visibility street within a desirable school district, this property is ideally positioned for long-term success. With multiple income streams, motivated sellers, and room for future growth, this is an outstanding opportunity for investors seeking solid returns. Don’t miss out on this excellent investment opportunity! Offers due 11/21/2024 at 12:00 pm.
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MLS#
B1577345
Property Type
Mixed Use
Year Built
1956
Square Feet
6,012
sq. ft
Lot Size
0.16
Sewer
Sewer Connected
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