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Excellent investment opportunity, with plenty of value add, curb appeal and street exposure! Welcome to 5476 Broadway St. nestled in the heart of the Lancaster Village and located just a block away from Central Ave and all the amenities it has to offer. This mixed-use offering is situated on a corner lot and is comprised of two buildings. This property features a mix of both retail and residential units, off street and garage parking to accommodate about 10 cars, and an additional adjacent lot along School St. The front building is made up of two retail storefronts, each about 1,000sqft, and are functioning as a custom cabinet and countertop showroom and a restaurant. On the second floor, there are 4 apartments, two 2-bedrooms and two 1-bedrooms, with a third floor that has potential to be converted back into 2 additional rental units. The rear building is made up of 3 apartments, one 1-bedroom and two 2-bedrooms and garage parking. The rear parcel, addressed as 9 School St, adds an extra 7,000sqft of lot size that can be converted into additional parking. All utilities across both buildings are separate, and all tenants are on month to month leases. Front building has newer electrical service and brand new central air units for storefronts.
| DAYS ON MARKET | 10 | LAST UPDATED | 3/11/2026 |
|---|---|---|---|
| YEAR BUILT | 1920 | COMMUNITY | Lancaster-Village-145203 |
| COUNTY | Erie | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR CONDITIONING | Yes |
|---|---|
| AREA | Lancaster-Village-145203 |
| BASEMENT | Full, Yes |
| CONSTRUCTION | Stone |
| HEAT | Baseboard, Forced Air, Hot Water, Natural Gas, Wall Furnace |
| HOA DUES | Business |
| LOT | 9583 sq ft |
| LOT DESCRIPTION | Rectangular Lot |
| LOT DIMENSIONS | 68X138 |
| PARKING | On Site |
| SEWER | Public Sewer |
| STORIES | 3 |
| TAXES | 12783 |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
| ZONING | Commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by: Gary Greco Jr, Gurney Becker & Bourne, 716-208-5340
Listing data courtesy of the Internet Data Exchange (IDX) Program of CNYIS and the Adirondack Champlain Valley Multiple Listing Service.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing information deemed reliable but not guaranteed
This IDX solution is (c) Diverse Solutions 2026.
