8705 Sheridan DrBuffalo, NY 14221

Property Details for 8705 Sheridan Dr

Year built

1995

Lot size

1.72 AC

Property size (Sq ft)

11,512 SF

Property type

Office buildings

APN

143200 70.12-5-3.2

APU

1432007012532

Description

This exceptional 11,512-square-foot Class A office building, located at 8705 Sheridan Drive in Williamsville, NY, presents a unique investment opportunity. Situated on a 1.72-acre lot, this single-story building, constructed in 1995, offers ample space for a variety of uses. Currently configured as executive and medical office space, the property is entirely vacant, providing flexibility for a new tenant or owner. The building features 60 paved parking spaces, catering to employee and client needs. Zoned for Restricted Business, the property allows for a wide range of uses, including medical, general office, and community facilities. The expansive lot offers potential for future expansion. Complete building plans are available for review. The property's location in Erie County, with easy access to Buffalo, makes it an attractive option for businesses seeking a prominent presence in a thriving community. The 14221 zip code provides excellent access to major transportation routes and amenities. This is a rare opportunity to acquire a well-maintained, versatile office building with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,088,270

  6.5%

  $1,927,634

  7%

  $1,789,946

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,101,346

  Geo Method

  $724,220

• Alternative Use

  Use

  Valuation

  Residential

  $2,390,266

  Hospitality

  $2,189,470

  Educational

  $1,821,614

  Medical

  $1,884,262

  Retail

  $2,833,622

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.9771

Longitude

-78.6682

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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