Active
24 Monroe Street, Ellicottville NY 14731
MLS# B1653688
$599,999
Price
-
Beds
-
Baths
2,206
Living Area (Sq.Ft.)
0.037
Lot Area (Acres)
$599,999
Price
-
Beds
-
Baths
2,206
Living Area (Sq.Ft.)
0.037
Lot Area (Acres)
Stabilized downtown Ellicottville investment opportunity in the absolute heart of one of Western New York’s most sought after year round resort communities. 24 Monroe Street is a fully leased two story commercial building located directly in the Village center within the Ellicottville Historic District, offering investors immediate income in a premier destination market. The current tenant is secured under lease through 2027 at $4500 per month, providing long term stability and dependable cash flow from day one. Offered at an approximate 7% cap rate, this property presents an outstanding opportunity for the discerning investor seeking yield, preservation of capital, and long term appreciation. Ellicottville continues to attract strong year round traffic driven by its ski resorts, festivals, dining scene, shopping, and four season tourism, creating consistent demand for downtown commercial space. The building offers approximately 2200 square feet over two levels with a proven history of successful commercial use and excellent visibility along Monroe Street. This is the type of asset investors hold for decades due to the irreplaceable village location and limited supply of downtown inventory. In addition to the strong in place lease, the property offers future flexibility for a buyer seeking potential mixed use configuration with commercial on the lower level and possible residential use above, subject to all zoning and municipal approvals, or simply continue as a hands off income producing asset. This property is well suited for 1031 tax deferred exchange buyers, portfolio holders, or investors seeking to place capital in a high demand resort market with stable tenancy and long term upside. Buyer to verify all income, uses, zoning, and redevelopment possibilities through their own due diligence.
Status
Active
Property Type
CommercialSale
Property Sub Type
--
Year Built
1900
Parcel Number
043601-055-035-0006-004-000-0000
Unit Number
--
Lot Features
Rectangular, Rectangular Lot
Levels
Two
Lot Size Dimensions
20X80
Stories
2
Property Condition
Resale
Elementary School District
Ellicottville
Middle Or Junior School District
Ellicottville
High School District
Ellicottville
Location
Listing Agent
Gregory Straus
Listing Office
716 Realty Group WNY LLC
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow
Special Listing Conditions
Standard
Listing Terms
Cash
Documents Available
Other,SeeRemarks
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2025-12-06
Fire Places Total
0
Cooling
true
Cooling Features
CentralAir
Heating
true
Heating Features
Gas, Forced Air
Garage
--
Garage Spaces
--
Water Source
Public
Sewer
PublicSewer
Roof
Flat
Utilities
Sewer Connected, Water Connected
Parking Features
Common
No schools found
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
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Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.