3003 Walden AveDepew, NY 14043

Property Details for 3003 Walden Ave

Year built

1978

Lot size

1.20 AC

Property size (Sq ft)

2,218 SF

Zone code

05C

Property type

Turn key restaurants

APN

143003 103.15-1-6

APU

1430031031516

Description

This exceptional commercial land opportunity in Depew, New York, presents 2,342,134,080 square feet (approximately 0.76 acres) of prime real estate ideally situated on Walden Avenue. Boasting 185 feet of frontage and a depth of approximately 175 feet, this property benefits from exceptional visibility and accessibility due to its location on a highly trafficked thoroughfare with an estimated 25,000 to 75,000 vehicles passing daily. The site is conveniently located near the intersection of Walden Avenue and Dick Road, a signalized corner offering optimal exposure. Its strategic position provides easy access to Interstate 90, enhancing its appeal for businesses seeking convenient transportation links. The property features ample paved parking accommodating 100+ vehicles, and public sewer is readily available. This single-tenant site offers significant potential for a variety of commercial uses, making it an attractive investment in a thriving Erie County location. The total building square footage is 32,000 square feet. This property is zoned for commercial use.

• CAP approach

  CAP return

  Valuation

  6%

  $591,451

  6.5%

  $545,955

  7%

  $506,958

• Comparable approach

  Method

  Valuation

  Relative Method

  $534,733

  Geo Method

  $351,627

• Alternative Use

  Use

  Valuation

  Residential

  $460,533

  Hospitality

  $421,846

  Educational

  $350,971

  Medical

  $363,041

  Retail

  $545,955

Location Insight

City

Depew

County

Erie

State

New York

Latitude

42.9084

Longitude

-78.7226

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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