4957 Main Street, Ellery, NY 14712

Property Description

This is a rare opportunity to own a well maintained income producing property in the heart of Bemus Point, New York. Offering approximately 4,400 square feet across three levels, the property currently includes two spacious residential apartments and three office suites with excellent flexibility for future use. The upper level features an approximately 1,560 square foot apartment with two bedrooms, a loft, and two full bathrooms. The second apartment offers approximately 775 square feet with one bedroom, one full bathroom, and a private deck. All units are equipped with air conditioning. The first floor is currently configured as three professional office suites. Subject to buyer verification, zoning requirements, and municipal approvals, the office space may offer the opportunity to be converted into two additional residential apartments. The property also includes an additional buildable lot measuring approximately 95 x 130 feet, two parking lots, lake rights with a dock slip, and ample off street parking. The seller is willing to negotiate the purchase price if retaining the additional side lot. The owner is relocating the business to another local location and is offering the real estate for sale. The business is not for sale and will continue to operate locally. Whether expanding your investment portfolio or adding value through future redevelopment, this property offers outstanding potential. Projected annual gross rental income is approximately $80,400 in its current configuration, with additional upside possible through future conversion, subject to approvals. Located in the Village of Bemus Point, you'll enjoy convenient access to Chautauqua Lake, restaurants, boutiques, parks, marinas, seasonal events, and year round recreation. Also has a new back rubber roof. Also Under R1699429