Mixed-Use Property with Medical
For Sale
$950,000
6575 Transit Road, East Amherst, NY 14051
A commercial space on the lower level is paired with a renovated three-bedroom residence above.
Property Size3,330 SF
Lot Size1.00 Acre
Price / SF$285.29
Days on Market98
Property Features for 6575 Transit Road
General Information
Standard status
Active
Size
3,330 SF
Total Parking Spaces
24
Lot size
1.00 Acre
Property subtype
Commercial
Zoning
Commercial, Commercial
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Gross Income
$59,500
Office Units
1
Tenant in Place
Yes
Property Use
Medical Office
Medical Specialty
physical therapy
Taxes and HOA fees
Annual Taxes
$7,958
Building Details
Building Size
3,330 SF
Year Built
1983
Buildings
1
Stories
2
Units
2
Tenancy
Single
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Joshua James · License #10301210944
(716) 697-3280
Source:
Franzese-realestate
Added: Jul 23
Changed: Oct 25
Last Checked: Oct 26 at 4:01AM
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 Keller Williams Realty WNY
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Investment Insights
Based on property information with market context.
This 3,330-square-foot mixed-use property, built in 1983, combines commercial space on the first floor with a three-bedroom residence upstairs. The commercial area includes a reception area, three private rooms or offices, a rear kitchenette, and a half bathroom with plumbing for a second. The upper residence has a renovated kitchen and bathroom, a living room with vaulted ceilings, and access to a second-story wood deck.
The property occupies 1 acre along Transit Road in East Amherst, with 88 feet of road frontage. Sixteen parking spaces are located in front, with additional space behind the building. Commercial zoning applies.
The property occupies 1 acre along Transit Road in East Amherst, with 88 feet of road frontage. Sixteen parking spaces are located in front, with additional space behind the building. Commercial zoning applies.
Key Highlights
- 3,330 square feet of finished space on a 1‑acre property
- 88 feet of frontage on Transit Road
- 16 parking spaces in front, with additional room behind
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,128
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,560
$942.6K
Cap Rate 7%
$673,257
$673.3K
Cap Rate 9%
$523,644
$523.6K
Market Conditions
NOI Build-Up for 3,330 SF
Gross rent
$73.9K $22.20/SF
− Vacancy
−$11.1K −$3.33/SF
EGI
$62.8K $18.87/SF
− OpEx
−$15.7K −$4.72/SF
NOI
$47.1K $14.15/SF
Area
Amherst, NY
Vacancy
15.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,560
Cap Rate 7%
$673,257
Cap Rate 9%
$523,644
Alternative Uses
Best Use
Office B
$673.3K
$589.1K – $785.5K
NOI $47,128 @ 7.0% cap · market cap 4.96%
Second Best
Mixed Use
$590.8K
$517.0K – $689.3K
NOI $41,359 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$858.2K
$750.9K – $1.00M
NOI $60,073 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
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Business Placement
Demographics for 14051, NY
20,721
Population
8,424
Households
2.5
Avg Household Size
46
Median Age
64%
College-Educated
96%
High-School Grad
15.5 sq mi
ZIP Area
1,337
Density / Sq Mi
$126,895
Median Household Income
$67,874
Median Earnings
$1,840
Median Rent
$386,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A commercial space on the lower level is paired with a renovated three-bedroom residence above.
Where is this mixed-use property located?
The property is located at 6575 Transit Road East Amherst, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 3,330 square feet of finished space on a 1‑acre property; 88 feet of frontage on Transit Road; 16 parking spaces in front, with additional room behind
