near 7060 Erie RdDerby, NY 14047

Property Details for near 7060 Erie Rd

Year built

2008

Lot size

5.06 AC

Property size (Sq ft)

15,282 SF

Property type

Office buildings

APN

144489 206.00-3-39.112

APU

14448920600339112

Description

This exceptional 22-acre parcel in Derby, New York, presents a unique investment opportunity. Located at the intersection of Erie Road (Route 5) and Delamater Roads in the Town of Evans (Village of Derby), this property boasts significant frontage on both major thoroughfares: nearly 1,200 feet along Erie Road and almost 1,500 feet along Delamater Road. The zoning is strategically divided, with approximately half designated GB General Business along Erie Road, catering to commercial development, and the remaining portion zoned R-1 Single Family, offering flexibility for mixed-use projects. The property's prime location offers excellent visibility and accessibility, situated about half a mile south of a bustling Tops Supermarket Plaza, anchored by popular retailers such as Family Dollar, McDonald's, Dollar General, Ace Hardware, and Auto Zone. A significant advantage is the presence of an 8-inch sewer line running along the entire frontage of both Erie and Delamater Roads, simplifying infrastructure development. This substantial land area, combined with its strategic location and versatile zoning, makes it an attractive prospect for developers seeking a high-impact commercial venture in a thriving community. The asking price is $900,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,772,285

  6.5%

  $2,559,032

  7%

  $2,376,244

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,462,049

  Geo Method

  $2,635,704

• Alternative Use

  Use

  Valuation

  Residential

  $3,173,200

  Hospitality

  $2,906,634

  Educational

  $2,418,286

  Medical

  $2,501,454

  Retail

  $3,761,778

Location Insight

City

Derby

County

Erie

State

New York

Latitude

42.6946

Longitude

-78.9965

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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