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    8511-8521 Sheridan Dr Buffalo, NY 14221

    Sponsored
    For Sale
    $925,000

    Prime Williamsville location, high traffic.

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 10,000 square foot retail complex situated on a two-acre parcel at the high-traffic southeast corner of Sheridan Drive and Harris Hill Road in Williamsville, NY. The property comprises two buildings: an 8,000 square foot retail/apartment complex at 8511 Sheridan Drive, and a two-story, two-family residential building at 8521 Sheridan Drive, both constructed in 1956. Benefiting from excellent visibility and accessibility, the property boasts two curb cuts on both Sheridan Drive and Harris Hill Road, offering approximately 283 feet of frontage on Sheridan Drive and 307 feet on Harris Hill Road. The site provides ample on-site parking. High daily traffic counts of 15,334 vehicles on Sheridan Drive and 10,709 on Harris Hill Road ensure significant exposure. The property offers a strong income stream, with a Net Operating Income (NOI) of $46,795 for 8511 Sheridan Drive and $15,936 for 8521 Sheridan Drive. This presents a rare chance to acquire a well-positioned, income-generating property in a desirable location. The asking price is $925,000.

    Property Features for 8511-8521 Sheridan Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,000 SF
    Lot Size
    87,120 SF

    Building Details

    Year Built
    1956
    Buildings
    2
    Stories
    2

    HighLights

    • 2‑acre lot
    • 10,000 square foot building
    • 1956 construction
    • Single‑story building
    • High traffic counts: 15,334 ADT on Sheridan Drive and 10,709 ADT on Harris Hill Road
    • On‑site parking
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.676709
    Latitude
    42.977687

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    FAQs

    What type of property is this?
    Individual retail property - Prime Williamsville location, high traffic.
    Where is this individual retail property located?
    The property is located at 8511-8521 Sheridan Dr Buffalo, NY.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: 2-acre lot; 10,000 square foot building; 1956 construction
    Request Owner's contact information
    8511-8521 Sheridan Dr Buffalo, NY 14221
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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
    8511-8521 Sheridan Dr Buffalo, NY 14221
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