3160 Un RdCheektowaga, NY 14227

Property Details for 3160 Un Rd

Year built

1945

Lot size

1.24 AC

Property size (Sq ft)

18,672 SF

Zone code

05C

Property type

Auto shops

APN

143089 102.04-3-44.2

APU

143089102043442

Description

This exceptional 18,672 square foot Class A commercial property, located at 3160 Union Road in Cheektowaga, NY, presents a lucrative investment opportunity. The single-story building, constructed in 1945 with renovations in 1991 and 2001, sits on a 1.24-acre lot and includes 35 parking spaces. Zoned MS1, this established auto collision and maintenance shop boasts an impressive history spanning 55 years. Features include overhead door access, a professional spray booth with a PPG painting system, welding equipment, five lifts, a frame machine, and waste oil disposal. Two parcels are included, totaling approximately 1.9 acres. The property offers high traffic volume and convenient access to the I-90 Expressway. An environmental report and tax returns are available upon execution of a non-disclosure agreement. The asking price is $2,750,000. This owner-user opportunity is perfect for an established or aspiring auto professional seeking a turnkey operation in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,979,087

  6.5%

  $4,596,080

  7%

  $4,267,789

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,501,597

  Geo Method

  $2,960,132

• Alternative Use

  Use

  Valuation

  Residential

  $3,876,966

  Hospitality

  $3,551,280

  Educational

  $2,954,623

  Medical

  $3,056,237

  Retail

  $4,596,080

Location Insight

City

Cheektowaga

County

Erie

State

New York

Latitude

42.9006

Longitude

-78.7552

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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