6140 Transit RdDepew, NY 14043

Property Details for 6140 Transit Rd

Year built

1969

Lot size

3.58 AC

Property size (Sq ft)

4,560 SF

Zone code

05C

Property type

Office buildings

APN

143003 93.17-10-13

APU

14300393171013

Description

This exceptional 5,520 square foot office building presents a lucrative investment opportunity. Situated on a 3.58-acre lot at 6140 Transit Road in Depew, NY, this property enjoys a highly desirable location boasting exceptional visibility and high traffic volume. Its strategic placement on Transit Road, between Genesee Street and Walden Avenue, ensures maximum exposure to potential clients and patients. The building is ideally suited for medical practices or other retail businesses seeking a prominent presence in a thriving commercial area. The substantial lot size offers ample parking and potential for future expansion or development. This prime location just south of Genesee Street provides easy access for patients and clients, enhancing the overall convenience and appeal of the property. The asking price of $1,799,999 reflects the exceptional value and potential return on investment this property offers. This is a rare opportunity to acquire a well-positioned, high-traffic commercial property in a rapidly growing area. Don't miss out on this chance to secure a valuable asset in a prime Depew location. Serious inquiries are encouraged. The property's size and location make it an ideal investment for those seeking a strong return in a high-demand market. The building's current configuration is well-suited for a variety of uses, offering flexibility for potential buyers. The ample parking ensures convenient access for both staff and clients. This is a turnkey opportunity to own a thriving business property in a highly sought-after area.

• CAP approach

  CAP return

  Valuation

  6%

  $827,186

  6.5%

  $763,557

  7%

  $709,017

• Comparable approach

  Method

  Valuation

  Relative Method

  $436,253

  Geo Method

  $286,870

• Alternative Use

  Use

  Valuation

  Residential

  $946,810

  Hospitality

  $867,273

  Educational

  $721,561

  Medical

  $746,377

  Retail

  $1,122,428

Location Insight

City

Depew

County

Erie

State

New York

Latitude

42.9229

Longitude

-78.698

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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