2050 Sheridan DrBuffalo, NY 14223

Property Details for 2050 Sheridan Dr

Year built

1960

Lot size

0.67 AC

Property size (Sq ft)

1,560 SF

Zone code

C

Property type

Retail properties

Property subtype

Gas stations

APN

146489 66.33-2-35

APU

1464896633235

Description

This exceptional single-tenant retail property, a gas station, boasts 1,560 square feet on a half-acre lot in Buffalo, NY's desirable Sheridan Drive corridor. The property benefits from a high-traffic location at a signalized intersection, providing four convenient access points for customers. Its strategic position between two major retail corridors, Delaware & Sheridan and NFB & Sheridan, ensures significant visibility and accessibility. The strong surrounding retail environment includes nearby Key Bank, Rite Aid, and Dollar Tree, creating a synergistic retail cluster. This location is further enhanced by a substantial population base; a neighborhood population of 316,544 people resides within a 5-mile radius, providing a large potential customer pool. The property's single-tenant occupancy simplifies management and offers a stable income stream. The substantial land area offers potential for future expansion or redevelopment, subject to local zoning regulations. This presents a compelling opportunity for investors seeking a well-located, high-traffic retail asset in a thriving Buffalo, NY market. The property's size and location make it an ideal investment for both experienced and emerging investors in the convenience store and fuel retail sector. The high visibility and accessibility, coupled with the strong demographics, create a compelling value proposition for potential buyers. This is a rare opportunity to acquire a well-established business in a prime location with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $415,992

  6.5%

  $383,993

  7%

  $356,565

• Comparable approach

  Method

  Valuation

  Relative Method

  $376,098

  Geo Method

  $247,312

• Alternative Use

  Use

  Valuation

  Residential

  $323,912

  Hospitality

  $296,702

  Educational

  $246,853

  Medical

  $255,342

  Retail

  $383,993

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.9813

Longitude

-78.858

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].