8511-8521 Sheridan DrBuffalo, NY 14221

Property Details for 8511-8521 Sheridan Dr

Year built

1956

Lot size

2.00 AC

Property size (Sq ft)

10,000 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 10,000 square foot retail complex situated on a two-acre parcel at the high-traffic southeast corner of Sheridan Drive and Harris Hill Road in Williamsville, NY. The property comprises two buildings: an 8,000 square foot retail/apartment complex at 8511 Sheridan Drive, and a two-story, two-family residential building at 8521 Sheridan Drive, both constructed in 1956. Benefiting from excellent visibility and accessibility, the property boasts two curb cuts on both Sheridan Drive and Harris Hill Road, offering approximately 283 feet of frontage on Sheridan Drive and 307 feet on Harris Hill Road. The site provides ample on-site parking. High daily traffic counts of 15,334 vehicles on Sheridan Drive and 10,709 on Harris Hill Road ensure significant exposure. The property offers a strong income stream, with a Net Operating Income (NOI) of $46,795 for 8511 Sheridan Drive and $15,936 for 8521 Sheridan Drive. This presents a rare chance to acquire a well-positioned, income-generating property in a desirable location. The asking price is $925,000.

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.9777

Longitude

-78.6767

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