1002 Abbott RdBuffalo, NY 14220

Property Details for 1002 Abbott Rd

Year built

1947

Lot size

0.42 AC

Property size (Sq ft)

2,700 SF

Zone code

N-3E

Property type

Gas stations

APN

140200 133.74-2-33

APU

14020013374233

Description

This exceptional 2,700 square foot retail building, situated on a 0.36-acre corner lot at the high-traffic intersection of Abbott Road and Cushing Place in South Buffalo, NY (14220), presents a unique investment opportunity. Previously used as a gas station and auto repair shop, the single-story, 1947-built structure has been vacant since the mid-2000s and is now a shovel-ready site. All necessary environmental remediation has been completed, including UST closure and asbestos abatement to DEC standards. The property boasts ample on-site parking and three-phase electrical service, making it ideal for a variety of businesses. Its N-3E zoning allows for diverse commercial uses. The asking price is $325,000, translating to $120.37 per square foot. This prime development site offers significant potential for a savvy investor seeking a high-traffic location in a thriving South Buffalo commercial corridor. The property's APN is 133.74-2-33. This is a one-unit building with one building on the property.

• CAP approach

  CAP return

  Valuation

  6%

  $719,990

  6.5%

  $664,606

  7%

  $617,135

• Comparable approach

  Method

  Valuation

  Relative Method

  $650,940

  Geo Method

  $428,040

• Alternative Use

  Use

  Valuation

  Residential

  $560,620

  Hospitality

  $513,525

  Educational

  $427,247

  Medical

  $441,941

  Retail

  $664,606

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.8371

Longitude

-78.8069

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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