$1,000,000
About this home
Exceptional Commercial Investment Opportunity in Derby! This unique property features 15 rentable units across 11 well-maintained buildings, all situated on a single lot zoned as a motel. Currently leased as residential units, the property generates over $100, 000 in annual rental income with substantial potential for growth. Investors can explore opportunities to increase rents or convert the units into short-term rentals for even greater returns. Recent upgrades include new roofs, water lines, gas lines, and electrical systems, ensuring long-term durability and minimal maintenance concerns. Strategically located on Route 5, the property benefits from high visibility, consistent traffic flow, and easy access to the beautiful Lake Erie shoreline. Surrounded by established residential neighborhoods and close to popular attractions like Lake Erie Beach Park, this property offers versatility and strong demand, making it an ideal fit for a variety of commercial ventures.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
- Real estate (PITI + HOA + PMI)
- $7,107
- Utilities
- $2,875
- Transportation
- $0
- Other (entertainment)
- $133
Quick facts
Home features
Lot features
IrregularLot
Neighborhood — 14047
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 5,438 | 19,351,094 | 299,088,112 |
| Population Change Since1990 | -1.00% | 8.00% | 20.00% |
| Population Density | 439 | 395 | — |
| Male | 2,674 | 9,381,926 | 147,432,321 |
| Female | 2,764 | 9,969,168 | 151,655,844 |
| Never Married | 1,197 | 4,946,391 | 63,775,926 |
| Married | 2,497 | 7,166,701 | 123,120,365 |
| Separated | 141 | 1,159,673 | 12,639,686 |
| Widowed | 317 | 1,110,245 | 15,467,586 |
| Divorced | 292 | 1,210,448 | 23,075,029 |
| Number Of House Hold | 1,960 | 7,102,016 | 111,826,380 |
| Average House Hold Size | 2.72 | 2.64 | 2.60 |
| Medial Age | 39.47 | 36.53 | 35.46 |
| Median House Hold Income | $60,468 | $49,847 | $48,276 |
| Average House Hold Income | $67,094 | $70,032 | $63,629 |
| P C I | $24,887 | $26,569 | $24,529 |
| M D I | $50,094 | $42,210 | $41,133 |
| A T H E | $53,439 | $54,185 | $50,898 |
| S T R | 8.75% | 4.00% | — |
| W C J | 77.48% | 81.55% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →Listing information last refreshed 5/30/2025. Provided courtesy of Keller Williams Realty WNY via Buffalo MLS. Information deemed reliable but not guaranteed.