2041 Sweet Home Rd Amherst, NY 14228
- Commercial real estate
- 1,183 SF
- 3.72 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2041 Sweet Home Rd
- Year built
- 1945
- Lot size
- 3.72 lot acres
- Property size
- 1,183 SF
- Property type
- Commercial real estate
Description
Investors, seize this exceptional opportunity to acquire a nearly four-acre commercial parcel in Amherst, New York, ideally situated minutes from a major Buffalo university. This 1,183 square foot property presents a remarkable chance to develop much-needed student housing. Preliminary estimates suggest the potential to construct approximately 45 residential units, with the possibility of expanding to as many as 90 units depending on building height allowances. The strong demand for student accommodation in this vibrant university area makes this a high-return investment prospect. The location boasts convenient access to essential amenities, public transportation, and university facilities, creating an attractive environment for students. This exceptional property offers a unique chance to capitalize on the growing need for housing within a thriving university market. The site's proximity to campus and its substantial size make it an ideal location for a large-scale student housing development project. This is a rare opportunity to acquire a significant land parcel in a desirable location with substantial development potential. The property is priced at $2,900,000.
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
- Amherst
- County
- Erie
- State
- New York
- Longitude
- -78.7988
- Latitude
- 43.0151
