100 Cascade DrSpringville, NY 14141

Property Details for 100 Cascade Dr

Year built

1994

Lot size

2.57 AC

Property size (Sq ft)

38,375 SF

Property type

Community centers

APN

143801 335.18-1-15

APU

14380133518115

Description

This exceptional value-add investment opportunity presents a 38,375-square-foot retail property situated on a 2.57-acre lot in Springville, New York. The single-story, Class B building, constructed in 1994, boasts 28,000 square feet of net rentable space, currently housing multiple tenants including AutoZone and M&T Bank. The property features 136 on-site parking spaces, providing ample convenience for customers and employees. Strategically located at the signalized intersection of Route 39 and Route 219, a major thoroughfare in Springville, this property benefits from high visibility and accessibility. The surrounding area is densely populated with various retailers and restaurants, including Country Fair, Emerling Ford, Tops Markets, and a Walmart Supercenter, ensuring a robust customer base. Zoned for Commercial/Industrial Park District use, this versatile property is well-suited for a variety of uses, including community facilities, warehouse operations, wholesale businesses, mobile home and boat sales, self-storage, and retail establishments. The asking price is $2,900,000, translating to $75.57 per square foot. This presents a compelling opportunity for investors seeking a strong return on investment in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $10,233,348

  6.5%

  $9,446,167

  7%

  $8,771,441

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,251,845

  Geo Method

  $8,722,706

• Alternative Use

  Use

  Valuation

  Residential

  $7,968,196

  Hospitality

  $7,298,824

  Educational

  $6,072,536

  Medical

  $6,281,380

  Retail

  $9,446,167

Location Insight

City

Springville

County

Erie

State

New York

Latitude

42.5065

Longitude

-78.6884

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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