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38 Washington St 12,446 SF 100% Leased Retail Building Ellicottville, NY 14731 $2,500,000 ($200.87/SF)
INVESTMENT HIGHLIGHTS
- Unmatched Opportunity
- Ample on-site parking
- Premier mixed-use investment property
EXECUTIVE SUMMARY
UNMATCHED OPPORTUNITY in the Heart of Ellicottville. Own a premier mixed-use investment property ideally positioned in downtown Ellicottville, one of Western New York’s most sought-after four-season resort destinations. 38 Washington Street combines four established commercial tenants on the ground floor with eight well-maintained residential apartments above—offering a balanced, income-producing mix in an irreplaceable location. Just steps from the village’s top restaurants, boutique shops, and ski resorts, the property enjoys exceptional foot traffic, consistent tourism, and stable occupancy throughout the year. Totaling 12,446 square feet on a 0.71-acre lot, the asset includes ample on-site parking, prominent signage visibility, and long-term income stability with plenty of room for upside through rental adjustments or future repositioning. This is a rare opportunity to acquire one of Ellicottville’s anchor properties within the vibrant village district—perfect for investors or owner-operators seeking long-term value in a thriving resort market. Opportunities like this are rarely available in the village core.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$29,319
|
$4.48
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$29,319
|
$4.48
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes | |
|---|---|
| Annual | $29,319 |
| Annual Per SF | $4.48 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $29,319 |
| Annual Per SF | $4.48 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
12,446 SF
Building Class
C
Year Built/Renovated
1984/2009
Price
$2,500,000
Price Per SF
$200.87
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.29
Lot Size
1.00 AC
Zoning
05
Parking
40 Spaces (3.21 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Dom's Butcher Block LLC
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Dom's Butcher Block LLC | Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 043601-055-035-0003-031-000-0000 | Total Assessment | $933,000 |
| Land Assessment | $95,800 | Annual Taxes | $29,319 ($2.36/SF) |
| Improvements Assessment | $837,200 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
043601-055-035-0003-031-000-0000
Land Assessment
$95,800
Improvements Assessment
$837,200
Total Assessment
$933,000
Annual Taxes
$29,319 ($2.36/SF)
Tax Year
2024
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