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    3031 Transit Rd Elma, NY 14059

    For Sale
    Contact for pricing

    1.76 acres on Transit Road with existing structures.

    Property size:
    1 SF
    Lot size:
    1.76 Acres

    Property Features for 3031 Transit Rd

    General Information

    Size
    1 SF
    Lot size
    1.76 Acres

    Source: Nick Giammusso Agent Nick Giammusso

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Transit Road Redevelopment Opportunity

    This 1.76-acre property presents a redevelopment opportunity on Transit Road, near the 400 Expressway. The lot features 130 feet of frontage and extends 590 feet deep. Existing improvements include a +/- 1,500 square foot home with 3 bedrooms and 2 full bathrooms. Additionally, a 1,200 square foot pole barn, constructed in 2019, is located at the rear of the property. The pole barn includes a 10-foot overhead door, a grade door, and 10-foot ceiling heights. The property is situated near Hillcrest Heights on Transit Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elma
    County
    Erie
    State
    New York
    Longitude
    -78.695649
    Latitude
    42.8503123

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    FAQs

    What type of property is this?
    Land - 1.76 acres on Transit Road with existing structures.
    Where is this land located?
    The property is located at 3031 Transit Rd Elma, NY.
    What are key features of this property?
    This property features: - 1.76 acre lot on Transit Road; - Redevelopment opportunity; - Proximity to the 400 Expressway
    (716) 812-6333
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    3031 Transit Rd Elma, NY 14059
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    Elma, NY 14059
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3031 Transit Rd Elma, NY 14059
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