Property Details for 950 Union Rd

Year built

1950

Lot size

32.00 lot acres

Property size

390,910 SF

Property type

Retail properties & Spaces

Property subtype

Office properties & Spaces

Description

Southgate Plaza presents a unique investment opportunity in West Seneca, NY. This Class A retail center, totaling 390,910 square feet across four, two-story buildings, sits on a substantial 32-acre lot. Built in 1950 and extensively renovated in 2019, the property boasts a diverse tenant mix including retail stores, banks, medical offices, restaurants, and a fitness center. Spaces range from a minimum of 964 square feet to a maximum contiguous space of 13,500 square feet, offering flexibility for various business needs. The property features ample parking with 2000 spaces and elevators for convenient access. Its prime location, with convenient access via Seneca Street, ensures high visibility and foot traffic. The property tax rate is $1.81 per square foot. Current tenants include well-established national and local businesses, creating a strong and diverse revenue stream. This established center offers a blend of established businesses and opportunities for new tenants, making it an attractive investment for both seasoned and emerging investors seeking a high-traffic, well-maintained property in a thriving community. The property's history as a premier shopping destination since 1955, combined with its recent renovations, positions it for continued success. The diverse tenant mix, including a grocery store and fitness center, ensures a consistent flow of customers. The large lot size and ample parking further enhance the property's appeal.

Location Insight

City

West Seneca

County

Erie

State

New York

Longitude

-78.7535

Latitude

42.8274