6354 Transit RdDepew, NY 14043

Property Details for 6354 Transit Rd

Year built

1969

Lot size

0.69 AC

Property size (Sq ft)

13,967 SF

Zone code

05C

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

143089 93.13-10-4.1

APU

14308993131041

Description

This thriving personal training gym, located at 6354 Transit Rd in Depew, NY 14043, offers a fantastic opportunity for a fitness entrepreneur. The 1,000+ square foot space is situated in a high-traffic area on Transit Road, between Walden and Genesee, within a busy plaza. This prime location benefits from excellent visibility and proximity to major retailers such as McDonald's and Tops Supermarket. Transit Road serves as a primary north/south artery in suburban Western New York, connecting numerous communities. Nearby businesses include Italian Village, Med First, Dollar Tree, Super Cuts, Tim Horton's, and Tiffany's Cabaret, ensuring a steady flow of potential clients. The sale includes a comprehensive range of fitness equipment, ideal for immediate operation. This equipment inventory consists of a cable crossover, two weight benches, dumbbells (5-50 lbs), slam balls (10-30 lbs), a sled leg press, seated row machine, lat pull-down machine, pec deck, leg curl/leg extension multi-unit, leg abductor/adductor machine, barbells and rack (20-110 lbs), an Olympic barbell, a 54 lb adjustable weight vest, a spin bike, battle ropes, a dip/pull-up machine, 1065 lbs of plated weights, and a pulling weight sled. The property is zoned commercial and housed in a single-story building. This turnkey operation presents a unique chance to acquire an established business with significant growth potential in a desirable location. The property is a single-tenancy retail space within Erie County.

• CAP approach

  CAP return

  Valuation

  6%

  $3,141,688

  6.5%

  $2,900,020

  7%

  $2,692,876

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,071,137

  Geo Method

  $1,361,929

• Alternative Use

  Use

  Valuation

  Residential

  $2,900,020

  Hospitality

  $2,656,403

  Educational

  $2,210,096

  Medical

  $2,286,104

  Retail

  $3,437,927

Location Insight

City

Depew

County

Erie

State

New York

Latitude

42.9296

Longitude

-78.6976

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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