6970 Transit RdBuffalo, NY 14221

Property Details for 6970 Transit Rd

Year built

1993

Lot size

0.65 AC

Property size (Sq ft)

7,155 SF

Property type

Drive through restaurants

APN

142289 82.09-4-6.11

APU

14228982094611

Description

This exceptional 3,400 square foot endcap retail space is situated in Buffalo, NY's vibrant Transit Road corridor, at 6970 Transit Rd, 14221. Located in Erie County, this property offers high visibility and accessibility, benefiting from its placement within a densely populated retail area. The space is part of a 7,600 square foot building with two suites, and boasts convenient cross-access with Wendy's. A generous parking lot is situated behind the building, ensuring ample parking for customers. The property enjoys exceptional proximity to major roadways, including I-90 (less than a mile away), providing easy access for both customers and employees. Transit Road itself is a high-traffic retail artery, home to numerous big-box retailers such as Wegmans, Tops, Home Depot, Lowe's, TJ Maxx, Hobby Lobby, Burlington, Walmart, Michael's, Target, Homegoods, and Kohl's, creating a strong draw for consumers. Additional nearby retailers include Starbucks (two locations), Burger King, Dunkin', Red Lobster, Olive Garden, Chili's, and Dairy Queen. Property taxes are $12 per square foot. The space becomes available April 1, 2023, with showings commencing 90 days prior to that date. This prime location presents a significant opportunity for businesses seeking high visibility and strong foot traffic in a thriving retail environment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,907,939

  6.5%

  $1,761,175

  7%

  $1,635,376

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,724,979

  Geo Method

  $1,134,305

• Alternative Use

  Use

  Valuation

  Residential

  $1,485,617

  Hospitality

  $1,360,817

  Educational

  $1,132,184

  Medical

  $1,171,121

  Retail

  $1,761,175

Location Insight

City

Williamsville

County

Erie

State

New York

Latitude

42.9577

Longitude

-78.6974

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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