3531 Seneca StWest Seneca, NY 14224

Property Details for 3531 Seneca St

Year built

1964

Lot size

9.90 AC

Property size (Sq ft)

24,430 SF

Zone code

10

Property type

Strip malls

Property subtype

Neighborhood centers

APN

146800 143.06-2-9.1

APU

14680014306291

Description

Seneca Ridge Plaza, located at 3531 Seneca St in West Seneca, NY (zip code 14224), offers a prime retail space opportunity within a thriving power center. This single-story, 22,967 square foot building, constructed in 1964, sits on a 3.65-acre lot in Erie County. Currently, 11,509 square feet of space is available for lease, with a minimum divisible unit of 1,803 square feet and a maximum contiguous space of 9,706 square feet. The property boasts a highly visible location with a signalized entrance, ensuring excellent accessibility and high traffic volume. Strong anchors such as Planet Fitness and Dollar General contribute to a consistent customer flow throughout the day. The diverse tenant mix creates a vibrant shopping environment, attracting a wide range of customers. This former Goodwill location presents a unique chance to establish a business in a well-established and busy neighborhood shopping center with an average daily traffic count of nearly 22,000 vehicles. The property's strategic location and established tenant base make it an ideal investment for businesses seeking high visibility and strong foot traffic. Contact us today to learn more about this exceptional retail opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $6,514,562

  6.5%

  $6,013,442

  7%

  $5,583,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,889,798

  Geo Method

  $3,872,966

• Alternative Use

  Use

  Valuation

  Residential

  $5,072,563

  Hospitality

  $4,646,440

  Educational

  $3,865,784

  Medical

  $3,998,734

  Retail

  $6,013,442

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.8283

Longitude

-78.7729

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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