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    860 Hopkins Rd Buffalo, NY 14221

    Sponsored
    For Sale
    $570,000

    Prime 2-acre commercial lot, ideal for multifamily.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2-acre commercial development site, located at 860 Hopkins Road in Williamsville, NY (zip code 14221), presents a unique investment opportunity. Priced at $570,000, this property boasts a highly desirable location within an affluent residential area, directly bordering a thriving commercial corridor. The site's strategic position offers unparalleled access to a wealth of amenities, including numerous banks, grocery stores, restaurants, and the Millard Fillmore Suburban Hospital. The presence of nearby big-box retail further enhances its appeal and potential for significant return on investment. The land's size and location make it particularly well-suited for multifamily redevelopment projects, catering to the growing demand for housing in this sought-after community. This is a rare chance to acquire a prime development parcel in a vibrant and established area of Erie County, New York. The property's proximity to major thoroughfares ensures excellent visibility and accessibility, making it an attractive proposition for developers seeking a high-impact project. Don't miss this opportunity to capitalize on the strong market conditions and create a thriving development in a highly desirable location.

    Property Features for 860 Hopkins Rd

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • Two‑acre development site available.
    • Located in a high‑income residential neighborhood.
    • Adjacent to a commercial thoroughfare.
    • Close proximity to banks, grocery stores, restaurants, Millard Fillmore Suburban Hospital, and big‑box retailers.
    • Excellent for multifamily development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.7400491
    Latitude
    43.0026297

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    FAQs

    What type of property is this?
    Land - Prime 2-acre commercial lot, ideal for multifamily.
    Where is this land located?
    The property is located at 860 Hopkins Rd Buffalo, NY.
    What is the asking price?
    The asking price for this property is $570,000.
    What are key features of this property?
    This property features: Two-acre development site available.; Located in a high-income residential neighborhood.; Adjacent to a commercial thoroughfare.
    Request Owner's contact information
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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
    860 Hopkins Rd Buffalo, NY 14221
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