4632 Lake Shore RdHamburg, NY 14075

Property Details for 4632 Lake Shore Rd

Year built

1959

Lot size

0.46 AC

Property size (Sq ft)

3,240 SF

Zone code

PR

Property type

Auto shops

APN

144889 169.12-10-24

APU

144889169121024

Description

This exceptional 3,300 square foot freestanding warehouse, located at 4632 Lake Shore Road in Hamburg, New York, presents a unique investment opportunity. Built in 1959 and extensively renovated in 2021, this single-story structure boasts a durable brick and concrete construction. Situated on a busy section of Route 5, this property offers unparalleled visibility and accessibility. The warehouse is ideally suited for a variety of uses, including retail, motor services, light industrial operations, or warehousing. Its convenient location in Erie County, NY, zip code 14075, ensures easy access to major transportation routes. On-site parking is available for added convenience. The asking price for this meticulously maintained property is $325,000. This is an excellent opportunity for an owner-user seeking a versatile and well-located space to establish or expand their business. The property's recent renovation ensures modern functionality and efficiency, minimizing the need for immediate capital improvements. Don't miss this chance to acquire a prime commercial property in a thriving New York community.

• CAP approach

  CAP return

  Valuation

  6%

  $864,000

  6.5%

  $797,538

  7%

  $740,571

• Comparable approach

  Method

  Valuation

  Relative Method

  $781,132

  Geo Method

  $960,074

• Alternative Use

  Use

  Valuation

  Residential

  $672,753

  Hospitality

  $616,238

  Educational

  $512,703

  Medical

  $530,336

  Retail

  $797,538

Location Insight

City

Hamburg

County

Erie

State

New York

Latitude

42.7575

Longitude

-78.8858

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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