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    8328 Erie Rd Angola, NY 14006

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    For Sale
    $340,000

    Rehabilitated building suitable for office, healthcare, or residential conversion.

    Lot size:
    1.10 Acres

    Property Features for 8328 Erie Rd

    General Information

    Lot size
    1.10 Acres

    Building Details

    Year built
    1920

    Source: Century 21 North East Agent Michael P Kaney

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

    Overview

    Adaptive Reuse Opportunity in Evans

    Purchased in the early 2000s, the building underwent a complete rehabilitation from the basement upwards. Its most recent use was as office space for Suburban Adult Services, Inc., but the building is now available due to occupants working from home because of COVID. Prior to that, it served as a hotel and retirement home. The property features multiple electrical panels, air conditioning units, furnaces, and bathrooms, making it suitable for adaptive reuse. The basement experiences occasional water intrusion during heavy thaw and rain in the spring when the nearby creek floods. Multiple sump pumps are in place to manage this infrequent issue. The building is located in Evans, NY.
    Insight Report Location Intelligence

    Current Use by Public Records

    Suburban Adult Services ... Corporate Office

    Suggested Use

    Restaurant Hair Salon Building Supply Auto Repair Shop Wholesale Shop Hotel & Motel Bar & Pub Daycare Center HVAC Service Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Angola
    County
    Erie
    State
    New York
    Longitude
    -79.0350238
    Latitude
    42.6585854

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    FAQs

    What type of property is this?
    Office building - Rehabilitated building suitable for office, healthcare, or residential conversion.
    Where is this office building located?
    The property is located at 8328 Erie Rd Angola, NY.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: - Totally rehabbed building from basement and above.; - Ready for adaptive reuse with multiple electrical panels, AC units, furnaces, and bathrooms.; - Prior use as hotel and retirement home suggests potential for similar ventures.
    (716) 870-5726
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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
    8328 Erie Rd Angola, NY 14006
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