203 Eggert RdCheektowaga, NY 14215

  • Industrial properties
  • 359,000 SF
For Sale
$7,500,000 View listing

Property Details for 203 Eggert Rd

Year built
1950
Lot size
22.76 AC
Property size (Sq ft)
359,000 SF
Zone code
05C
Property type
Industrial properties
APN
143089 91.00-1-26.12
APU
143089910012612

Description

This exceptional 360,000-square-foot industrial property, located at 203 Eggert Road in Buffalo, NY, presents a unique investment opportunity. Currently vacant and undergoing extensive renovations slated for completion by October 30, 2024, this property boasts a two-story building on a substantial 24.1-acre lot. The improvements include a new roof, exterior, and loading docks. The interior will feature fresh paint and complete renovation. The property features 10 loading docks and 10 dock-high doors, with a ceiling height of 20 feet. Zoned for industrial, distribution, and warehouse use, this versatile space is ideal for a variety of operations. The asking price is $7,500,000, translating to $20.83 per square foot. The ample parking and landscaping enhance the property's appeal. This is a rare opportunity to acquire a large, renovated warehouse at a cost significantly lower than new construction. The property is offered for sale by owner, with a net lease type. The property is classified as a distribution, flex, and warehouse space. This is a prime location in Erie County, NY, with easy access to major transportation routes. The property is 100% owned and is currently vacant, allowing for immediate occupancy upon completion of renovations.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $74,541,224
    Hospitality
    $68,279,360
    Educational
    $56,807,624
    Medical
    $58,761,328
    Retail
    $88,367,416
203 Eggert Rd, Cheektowaga, New York

Location Insight

City
Buffalo
County
Erie
State
New York
Latitude
42.9288
Longitude
-78.7968
CBSA code
15380
CBSA name
BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$780,000
$610,000
$1,390,000
-
$857,143
$670,330
$1,527,473

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