11625 Broadway StAlden, NY 14004

Property Details for 11625 Broadway St

Year built

1967

Lot size

0.56 AC

Property size (Sq ft)

900 SF

Zone code

C-2

Property type

Automotive properties

APN

142089 118.10-4-2

APU

1420891181042

Description

This exceptional 1,800 square foot warehouse, situated on a sizable 0.75-acre lot in Alden, New York, presents a compelling investment opportunity. Located at 11625 Broadway, near Two Rod Road, this industrial property boasts convenient access and ample space for a variety of uses. The asking price is $300,000, translating to a price per square foot of $166.67. Key features include a large grade-level door, ensuring easy loading and unloading of goods, and efficient drainage systems. The property also benefits from a 220, 3-phase electrical service, ideal for businesses requiring substantial power. Given its size and features, this warehouse is particularly well-suited for automotive repair or similar businesses requiring both indoor and outdoor space. The property's location in Erie County, New York, offers access to major transportation routes and a strong local workforce. With its combination of size, location, and features, this warehouse represents a strong value proposition for discerning investors seeking a versatile and functional industrial space. The zip code is 14004. The property is currently listed for sale and is ready for immediate occupancy. This is a rare opportunity to acquire a well-maintained warehouse in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $239,990

  6.5%

  $221,529

  7%

  $205,705

• Comparable approach

  Method

  Valuation

  Relative Method

  $216,978

  Geo Method

  $142,680

• Alternative Use

  Use

  Valuation

  Residential

  $186,868

  Hospitality

  $171,170

  Educational

  $142,411

  Medical

  $147,309

  Retail

  $221,529

Location Insight

City

Alden

County

Erie

State

New York

Latitude

42.8919

Longitude

-78.5535

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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