24 Monroe Street, Ellicottville, NY 14731

Property Description

Income-producing mixed-use building in the heart of the Village of Ellicottville! This well-located property features a leased street-level commercial space and a beautifully updated 1-bedroom, 1-bath apartment above. The whole building (commercial space and upstairs apartment) is leased through December 31, 2027, at $4,500/month (tenant pays utilities) providing stable income. The upper apartment offers future flexibility as short-term rentals are permitted in the Village The commercial space includes forced-air gas heat with central A/C, a full kitchen, a second furnace serving the kitchen area, 400-amp electric service, public water and sewer, and a clean basement with cooler and storage space. The apartment features an open kitchen, dining and living area, a spacious walk-in closet, and a private rear deck. Located in Ellicottville's downtown business district, the property is within walking distance of restaurants, shops, entertainment, and year-round attractions. The Village is a four-season destination known for Holiday Valley and HoliMont ski resorts, golf, hiking, mountain biking, festivals, weddings, conferences, and tourism. Also available for purchase: 22 Monroe Street, the adjoining mixed-use building. The commercial spaces were previously connected, and the opening has since been enclosed. A purchaser of both properties may have the opportunity to reconnect the spaces creating additional possibilities for restaurant, retail, hospitality, or other commercial uses.