Mixed-Use Property with Development
1460 French Road Depew, NY 14043
For Sale
$9,500,000
Self-storage, retail, and development opportunity in Cheektowaga/Lancaster.
Property Size43,777 SF
Lot Size1.07 Acres
Price / SF$217.01
Days on Market124
Property Features for 1460 French Road
General Information
- Standard status
- Active
- Size
- 43,777 SF
- Lot size
- 1.07 Acres
- Property subtype
- SpecialPurpose
Listing Agency:
Listed By:
Michael Clark · License #Associate Real Estate Broker
Source:
Cbre
Added: Mar 25
Changed: Jul 10
Last Checked: Jul 26 at 4:06AM
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 Michael Clark
Investment Insights
Based on property information with market context.
This property features a mix of self-storage, retail, and development opportunities. It includes a Life Storage facility with 394 climate-controlled units, totaling 43,777 net rentable square feet. The facility was recently built in 2023. Additionally, the property houses a Goodwill Storage & Donation Center, a non-profit retail store. A 7 Brew Coffee Shop (retail) is also located on the site. The property includes two pads, one of which is slated for future development by a QSR on a long-term lease. The other pad is a 1.07-acre lot, offering additional development potential. The property is located at the signalized intersection of Transit Road and French Road, along the border of Cheektowaga and Lancaster. As of December 31, 2025, the physical occupancy was 93.2%.
Key Highlights
- Class A, climate‑controlled facility: recently built conversion (2023) with 394 units at 43,777 RSF of self‑storage space
- Strong physical occupancy: 93.2% physically occupied (December 31, 2025)
- Located at the signalized intersection of Transit Road (26,618 AADT) and French Road (14,532 AADT)
Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $656.7k | $15.00 |
| − Vacancy | −$65.7k | −$1.50 |
| EGI | $591.0k | $13.50 |
| − OpEx | −$177.3k | −$4.05 |
| NOI | $413.7k | $9.45 |
43,777 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$5.91M
$5.17M – $6.89M
NOI $413,693 @ 7.0% cap · market cap 4.35%
Second Best
Retail
$5.62M
$4.92M – $6.56M
NOI $393,615 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$9.57M
$8.37M – $11.16M
NOI $669,893 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Marian Swanekamp, RPH
Pharmacy
Cardtronics ATM
Atm
Gary Gonyea
Pharmacy
Kevin Kiefer
Pharmacy
Life Storage
Storage Facility
FAQs
What type of property is this?
Self storage facility - Self-storage, retail, and development opportunity in Cheektowaga/Lancaster.
Where is this self storage facility located?
The property is located at 1460 French Road Depew, NY.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: Class A, climate‑controlled facility: recently built conversion (2023) with 394 units at 43,777 RSF of self‑storage space; Strong physical occupancy: **93.2% physically occupied (December 31, 2025)**; Located at the signalized intersection of Transit Road (26,618 AADT) and French Road (14,532 AADT)
