Partially Occupied Storefront
1101 Niagara Falls Boulevard, Amherst, NY 14226
For Sale
$1,500,000
The Amherst retail asset has existing occupants alongside space available for leasing, subject to lease terms and availability.
Property Size7,673 SF
Days on Market20
Property Features for 1101 Niagara Falls Boulevard
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Empire Realty Services Group, Inc.
Listed By:
Miguel Ortiz · License #10401300889
(716) 949-8651
Source:
Highfallssir
Added: Oct 20
Changed: Nov 7
Last Checked: Nov 7 at 12:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Empire Realty Services Group, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1958, this storefront retail property on Niagara Falls Boulevard is partially occupied. Existing occupancy is in place, with additional leasing opportunities subject to lease terms and availability.
The property is in Amherst, New York, along a commercial corridor with nearby retail businesses and amenities. Zoning, permitted uses, and applicable approvals require buyer due diligence.
The property is in Amherst, New York, along a commercial corridor with nearby retail businesses and amenities. Zoning, permitted uses, and applicable approvals require buyer due diligence.
Key Highlights
- Partially occupied, with additional leasing opportunities subject to lease terms and availability
- Built in 1958
- Located on Niagara Falls Boulevard in Amherst, NY
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,813
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,856,260
$1.9M
Cap Rate 7%
$1,325,900
$1.3M
Cap Rate 9%
$1,031,256
$1.0M
Market Conditions
NOI Build-Up for 7,673 SF
Gross rent
$138.1K $18.00/SF
− Vacancy
−$5.5K −$0.72/SF
EGI
$132.6K $17.28/SF
− OpEx
−$39.8K −$5.18/SF
NOI
$92.8K $12.10/SF
Area
Amherst, NY
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,856,260
Cap Rate 7%
$1,325,900
Cap Rate 9%
$1,031,256
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $92,813 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,420 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,213
Businesses Nearby
239k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 33%
Apparel 20%
Beauty & Spa 2%
Delta Sonic Car Wash
Shops & Services
60,304 visits/mo
0.5 miles
McDonald's
Dining
28,105 visits/mo
0.5 miles
Chili's Grill & Bar
Dining
24,485 visits/mo
0.0 miles
JCPenney
Apparel
24,112 visits/mo
0.4 miles
Savers Thrift Store
Apparel
14,934 visits/mo
0.2 miles
Demographics for 14226, NY
29,861
Population
13,282
Households
2.2
Avg Household Size
38
Median Age
57%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
4,328
Density / Sq Mi
$83,023
Median Household Income
$48,994
Median Earnings
$1,093
Median Rent
$237,500
Median Home Value
Market
Average Price Trend$/SF for Storefront properties in Erie County, NY
Properties on Market for Storefront properties in Erie County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Fancy Florist — 853 Niagara Fls Blvd, Amherst, NY 14226
- Wegmans Floral — 675 alberta dr, amherst, ny 14226
Frequently Asked Questions
What type of property is this?
Storefront property - The Amherst retail asset has existing occupants alongside space available for leasing, subject to lease terms and availability.
Where is this storefront property located?
The property is located at 1101 Niagara Falls Boulevard Amherst, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Partially occupied, with additional leasing opportunities subject to lease terms and availability; Built in 1958; Located on Niagara Falls Boulevard in Amherst, NY
