4424 Bailey AveAmherst, NY 14226

For Sale
$449,900

High-traffic location, multiple income streams.

Overview

Added:
Feb 3
Days on market:
39
This exceptional Amherst, NY mixed-use property presents a prime investment opportunity. Boasting 6,012 square feet on a 0.16-acre lot, this building offers a versatile blend of commercial and residential space. The ground floor, a previously leased 6,000+ square foot storefront (last leased at $2,000/month), is currently vacant and ready for a new tenant. Its high-visibility location on Bailey Avenue ensures excellent exposure. Upstairs, two fully renovated apartments generate consistent rental income. A three-bedroom unit and a two-bedroom unit each command $1,400/month in rent. Both apartments feature updated kitchens and bathrooms, new flooring, independent utilities (including new hot water tanks and furnaces), and dedicated laundry rooms. The property also includes a sizable rear area with significant potential for expansion or conversion into additional rentable space, such as office space or retail. An attached garage, divided into separate bays, offers further income potential through parking or storage rentals. Situated in a desirable school district, this property offers a compelling combination of immediate income and long-term growth potential. The motivated sellers make this an outstanding opportunity for investors seeking strong returns. The property is priced at $449,900.

Property Details for 4424 Bailey Ave

Property type
Mixed-use properties, Other mixed-use properties
Square Feet
6,012 SF
Year Built
1956
Lot Size (sq. ft)
6,970 SF

Location Insight

City
Amherst
County
Erie
State
New York
Latitude
42.97555
Longitude
-78.81419
4424 Bailey Ave, Amherst, New York

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4424 Bailey Ave
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