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    350 Old Niagara Fls Blvd Amherst, NY 14228

    Sponsored
    For Sale
    $499,900

    8,419 SF Vacant Restaurant, Great Location

    Property size:
    8,419 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity presents a vacant, 8,419 square foot restaurant building situated on a 0.5-acre lot at 350 Old Niagara Falls Boulevard in Amherst, New York, zip code 14228. The two-story building, formerly a restaurant, boasts new structural steel, windows, steel doors, a wide patio glass door on the west and north sides, and a partially installed patio and access ramp. The property benefits from approximately 350 feet of canal access, backing up to Tonawanda Creek, offering potential for boaters' access. The lot measures approximately 240 feet by 116.50 feet. This prime location offers excellent visibility and proximity to numerous amenities, including Wegmans, Tops Supermarket Plaza, McDonald's, numerous other restaurants, banks, and major retailers such as Walmart, Kohl's, and Walgreens. The property is zoned General Business (GB), providing flexibility for various uses. This is an ideal opportunity for an investor or developer seeking a high-potential commercial property in a thriving area. The building's existing improvements provide a solid foundation for a variety of redevelopment projects.

    Property Features for 350 Old Niagara Fls Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    8,419 SF
    Lot Size
    21,780 SF

    HighLights

    • 0.5‑acre lot
    • Lot size: 240' x 116.50'
    • 8,419 SF building
    • Two‑story building, formerly a restaurant
    • Tonawanda Creek access with potential boaters' access
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Amherst
    County
    Erie
    State
    New York
    Longitude
    -78.8268942
    Latitude
    43.0405934

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    FAQs

    What type of property is this?
    Restaurant - 8,419 SF Vacant Restaurant, Great Location
    Where is this restaurant located?
    The property is located at 350 Old Niagara Fls Blvd Amherst, NY.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: 0.5-acre lot; Lot size: 240' x 116.50'; 8,419 SF building
    Request Owner's contact information
    350 Old Niagara Fls Blvd Amherst, NY 14228
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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
    350 Old Niagara Fls Blvd Amherst, NY 14228
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