8511-8521 Sheridan DrBuffalo, NY 14221

For Sale
$925,000

Prime Williamsville location, high traffic.

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

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 Details for 8511-8521 Sheridan Dr

Property type
Other retail properties, Individual retail properties
Square Feet
10,000 SF
Year Built
1956
Buildings
2
Stories
2
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Buffalo
County
Erie
State
New York
Latitude
42.977687
Longitude
-78.676709
8511-8521 Sheridan Dr, Buffalo, New York
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8511-8521 Sheridan Dr
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