4408 Milestrip RdBuffalo, NY 14219

Property Details for 4408 Milestrip Rd

Year built

1991

Lot size

9.79 AC

Property size (Sq ft)

165,478 SF

Property type

Super regional malls

APN

144889 151.18-5-6

APU

1448891511856

Description

BJ's Plaza, located at 4408 Milestrip Rd in Buffalo, NY 14219, offers a prime retail opportunity within a bustling shopping center. This 18,000 square foot storefront is part of a larger 176,045 square foot complex situated in Erie County's primary retail corridor, providing excellent visibility and accessibility. The property boasts convenient access from I-90, ensuring high traffic flow and customer convenience. The center is anchored by well-established national tenants including BJ's Wholesale Club, OfficeMax, Chuck E. Cheese, and Party City, creating a strong synergy and drawing a significant customer base. Built in 1991, the plaza sits on 19.57 acres of land and offers ample parking with 1000 spaces available for shoppers and employees. This multi-tenant property presents a unique chance to establish or expand a retail business in a high-demand location with established anchors and significant foot traffic. The property is classified as a retail storefront and is part of a larger retail center. The property's location and established tenant mix provide a strong foundation for success. This is an exceptional opportunity for businesses seeking high visibility and convenient access in a thriving retail environment.

• CAP approach

  CAP return

  Valuation

  6%

  $44,127,052

  6.5%

  $40,732,664

  7%

  $37,823,188

• Comparable approach

  Method

  Valuation

  Relative Method

  $39,894,988

  Geo Method

  $26,233,756

• Alternative Use

  Use

  Valuation

  Residential

  $34,359,524

  Hospitality

  $31,473,140

  Educational

  $26,185,284

  Medical

  $27,085,836

  Retail

  $40,732,664

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.791

Longitude

-78.8145

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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