4945 Southwestern BlvdHamburg, NY 14075

Property Details for 4945 Southwestern Blvd

Year built

1972

Lot size

1.80 AC

Property size (Sq ft)

5,760 SF

Property type

Investment properties

Property subtype

Live-work space

APN

144889 170.66-2-3

APU

1448891706623

Description

This exceptional commercial property, located on a high-traffic section of Southwestern Boulevard in Hamburg, NY, presents a unique investment opportunity. The 1.8-acre lot boasts 426 feet of road frontage and is zoned C-2, allowing for diverse commercial uses. The property comprises four buildings totaling 11,420 square feet, offering significant flexibility. A prominent 5,600-square-foot building features a 2,800-square-foot lower level currently configured as retail/office space (currently a salon and separate offices), and an upper level with two well-maintained 2-bedroom apartments, each including a dining room and gas fireplace. A second building, encompassing 2,800 square feet, provides additional retail and office space with ample storage. Further enhancing the property's utility are a 1,800-square-foot storage building and a 1,500-square-foot, four-bay warehouse. On-site parking accommodates up to 40 vehicles. This prime location, combined with the versatile building configurations and substantial acreage, makes this property ideal for a variety of commercial ventures. The property is offered at $2,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,044,895

  6.5%

  $964,518

  7%

  $895,624

• Comparable approach

  Method

  Valuation

  Relative Method

  $551,063

  Geo Method

  $519,818

• Alternative Use

  Use

  Valuation

  Residential

  $1,196,002

  Hospitality

  $1,095,532

  Educational

  $911,470

  Medical

  $942,816

  Retail

  $1,417,842

Location Insight

City

Hamburg

County

Erie

State

New York

Latitude

42.7521

Longitude

-78.8489

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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