Listing provided courtesy of Premier Realty & InvestmentsMLS# R1644272MLS ProviderContact Information: 716-413-1500
  • 259 days on site
  • 7 views

Investment opportunity! Own a piece of Fredonia’s vibrant business district with this unique mixed-use property at 38, 40, & 42 W Main Street. Comprising three centrally located commercial/residential buildings, this investment opportunity offers both stability and growth potential in a high-traffic location. Property Highlights: 4 Commercial Spaces: Three leased to reliable, long-term tenants, ensuring steady income. One vacant space, ready for a new tenant or your business vision. 3 Residential Units: Includes two spacious 2-bedroom apartments and one generous 3-bedroom apartment, all with separate utilities for hassle-free management. Prime Location: Situated in the heart of Fredonia’s bustling village business area, benefiting from high visibility and foot traffic. Parking Convenience: Ample street and municipal parking available for tenants and customers. This property is a rare find, blending consistent rental income with the flexibility to grow. Perfect for investors or owner-occupiers looking to capitalize on Fredonia’s downtiwn commercial scene. Don’t miss out—schedule a viewing today!

Source: New York Alliance, MLS#: R1644272

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  • Property Type
    Residential Income
  • Lot
    0.05 acres

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Daniel Terhune
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  • Median Age
    38
  • Population Density
    274
  • College Educated
    50%
  • Estimated Median Income
    $60,011
  • Estimated Total Home Owners
    3,442
  • Estimated Total Renters
    1,649
  • Owner / Renter Divide
    68% / 32%
  • Estimated Average Household Size
    2
  • Total Population
    13,891
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 38-42 W Main Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
10/14/2025Source: New York Alliance Added to Database
October 14, 2025