3500 Main StBuffalo, NY 14226

Property Details for 3500 Main St

Year built

1950

Lot size

14.00 AC

Property size (Sq ft)

17,778 SF

Zone code

GB

Property type

Super regional malls

APN

142289 79.32-2-24

APU

1422897932224

Description

University Plaza, a prime retail strip center with medical office space, offers exceptional leasing opportunities in Amherst, NY. Located at 3500 Main Street, 14226, this Erie County property boasts a total of 163,388 square feet. Currently, there are 18,598 square feet of vacant space available, divisible into units ranging from a minimum of 2,398 square feet to a maximum contiguous space of 10,000 square feet. This presents a unique chance for businesses seeking flexible and adaptable spaces to suit their specific needs. The property's strategic location in Amherst provides excellent visibility and accessibility, making it an ideal location for a variety of retail and medical tenants. The property's multiple tenancy structure fosters a vibrant and diverse community of businesses. This is a rare opportunity to secure space in a well-established and thriving commercial center in a high-traffic area of Buffalo, New York. The property is conveniently located in Erie County, offering easy access to major transportation routes and a strong local customer base. Interested parties are encouraged to inquire about available spaces and lease terms. This is a fantastic opportunity to establish or expand your business in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,740,702

  6.5%

  $4,376,034

  7%

  $4,063,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,286,068

  Geo Method

  $2,818,403

• Alternative Use

  Use

  Valuation

  Residential

  $3,691,348

  Hospitality

  $3,381,255

  Educational

  $2,813,164

  Medical

  $2,909,913

  Retail

  $4,376,034

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.9595

Longitude

-78.8177

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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