6348 Transit RdDepew, NY 14043

Property Details for 6348 Transit Rd

Year built

1961

Lot size

0.89 AC

Property size (Sq ft)

21,312 SF

Zone code

05C

Property type

Investment properties

Property subtype

Live-work space

APN

143003 93.13-4-29

APU

1430039313429

Description

This exceptional 1,500-square-foot office/retail space is situated in a bustling Depew, NY plaza on heavily trafficked Transit Road (Route 78), a primary north-south artery connecting numerous Western New York suburbs. The single-story, 1955-built building sits on a 0.69-acre lot and offers a fantastic opportunity for businesses seeking high visibility and accessibility. The entire space is currently vacant, providing a blank canvas for customization. The property boasts a strong tenant mix within the plaza, including Transit Hill Pharmacy, Step Ahead Shoe Store, Gym Swap, Goldsmiths Jewelry Store of WNY, Ten Lives Club, and Sew What Quilt Shop. This prime location benefits from proximity to a major grocery store (Tops Super Market Plaza) serving approximately 20,000 households, as well as other popular businesses such as Subway, Dollar Tree, Super Cuts, Tim Horton's, WNY Immediate Care, McDonald's, Italian Village Restaurant, Salvatore's Prime Restaurant, and the Delavan Hotel. The property's location between Genesee Street and Rehm Road further enhances its strategic position within this thriving commercial area. This is a rare opportunity to establish a presence in a high-demand location with excellent visibility and strong surrounding businesses. The property is zoned for commercial and executive office use.

• CAP approach

  CAP return

  Valuation

  6%

  $3,866,006

  6.5%

  $3,568,621

  7%

  $3,313,720

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,038,910

  Geo Method

  $1,340,738

• Alternative Use

  Use

  Valuation

  Residential

  $4,425,090

  Hospitality

  $4,053,359

  Educational

  $3,372,347

  Medical

  $3,488,327

  Retail

  $5,245,873

Location Insight

City

Depew

County

Erie

State

New York

Latitude

42.9282

Longitude

-78.6975

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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