8511-8521 Sheridan Dr Buffalo, NY 14221
- Retail properties
- 10,000 SF
- 2.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 8511-8521 Sheridan Dr
- Year built
- 1956
- Lot size
- 2.00 lot acres
- Property size
- 10,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.6767
- Latitude
- 42.9777
