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    482 Waverly St Springville, NY 14141

    Sponsored
    For Sale
    $549,000

    Prime Commercial Land, High Visibility, Redevelopment Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8.73-acre commercial land parcel presents a unique redevelopment opportunity in Springville, New York. Located in Erie County's Southern regional shopping hub, the property boasts 496 feet of street frontage on Waverly Street, offering unparalleled visibility and accessibility. Its strategic location places it directly off South Cascade Drive (Old Route 219), adjacent to major retailers including Lowe's, Walmart, Tim Hortons, and Jim Murphy Chevrolet. The presence of a traffic signal at the cross street intersection ensures high traffic flow and excellent exposure. This cleared and level lot is serviced by municipal utilities, making it ideal for a variety of commercial developments. The asking price is $549,000, translating to a land value of $1.44 per square foot. The property's zoning is designated as Residential Vacant Land, offering flexibility for potential development plans. Given its size, location, and proximity to established businesses, this property represents a compelling investment opportunity for developers seeking a high-impact commercial project in a thriving retail area. Don't miss this chance to acquire a significant piece of land in a prime commercial location.

    Property Features for 482 Waverly St

    General Information

    Property type
    Land
    Lot Size
    380,279 SF

    HighLights

    • 8.0+ Acres of developable land.
    • Ready for immediate development.
    • Municipal utilities readily available on‑site.
    • High‑traffic location at a signalized intersection.
    • Excellent visibility across from a Walmart.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springville
    County
    Erie
    State
    New York
    Longitude
    -78.687259
    Latitude
    42.500594

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Visibility, Redevelopment Ready
    Where is this land located?
    The property is located at 482 Waverly St Springville, NY.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: 8.0+ Acres of developable land.; Ready for immediate development.; Municipal utilities readily available on-site.
    (716) 834-7777
    Request Owner's contact information
    482 Waverly St Springville, NY 14141
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    Springville, NY 14141
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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
    482 Waverly St Springville, NY 14141
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