4957 main street

Ellery, NY 14712

$989,000

3 BEDS 3 BATHS
4,400 SQFT0.43 AC LOT
Residential - MultiFamily
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Bedrooms 3
Total Baths 3
Full Baths 3
Square Feet 4400
Acreage 0.43
Status Active
MLS # R1699815
County Chautauqua
More Info
Category Residential - MultiFamily
Status Active
Square Feet 4400
Acreage 0.43
MLS # R1699815
County Chautauqua
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 Under R1699429

Exterior Features

  • Construction Single Family
  • Siding VinylSiding
  • Exterior Balcony, Deck, HotTubSpa
  • Roof Asphalt
  • Garage No
  • Garage Description Paved, TwoOrMoreSpaces
  • Water Well
  • Sewer Connected
  • Lot Description Rectangular, RectangularLot, ResidentialLot

Interior Features

  • Appliances GasWaterHeater
  • Heating Gas, Zoned, Baseboard, HotWater
  • Cooling Zoned, CentralAir
  • Fireplaces No
  • Living Area 4,400 SQFT
  • Year Built 1972

Neighborhood & Schools

  • Subdivision Oriental Park Sec K
  • Elementary School Bemus Elementary
  • High School Maple Grove Junior-Senior High

Financial Information

  • Parcel ID 063689-333-013-0003-004-000

Listing Information

Listing Provided Courtesy of ERA Team VP Real Estate - (716) 708-5000
Listings identified with the NYSAMLS IDX logo are provided courtesy of the NYSAMLS IDX Program.
Information Is Believed To Be Accurate But Not Guaranteed. © 2026 NYSAMLS, Inc.
Listing data is current as of 08/24/2026.

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