11450 Main St Clarence, NY 14031
- Office buildings
- 7,760 SF
- 5.40 lot acres
Current Use by Public Records
- Office buildings
Property Details for 11450 Main St
- Year built
- 1973
- Lot size
- 5.40 lot acres
- Property size
- 7,760 SF
- Zone code
- 17
- Property type
- Office buildings
- APN
- 145689 60.00-1-18
- APU
- 1456896000118
Description
This exceptional 32,000-square-foot industrial property at 11450 Main St, Clarence, NY 14031, offers a unique blend of manufacturing, distribution, warehouse, flex, and R&D capabilities. Currently featuring a single tenant occupancy, 7,000 square feet of space is immediately available. The building is classified as Class B and boasts a versatile, wide-open floor plan, perfect for customization to suit diverse business needs. Its prime location in Clarence, NY provides easy access to a growing community, making it an ideal setting for expansion or new ventures. The property is suitable for a range of uses, from manufacturing operations to retail ventures or dynamic workspaces. The lease is a gross modified lease with escalation over the base year based on actual expenses (insurance, taxes, and CAM). This adaptable space presents a significant opportunity for businesses seeking a functional and flexible location in a thriving area. The property's size and adaptability make it a compelling option for businesses looking to grow and thrive in a convenient and accessible location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $870,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $625,000
- 6.5%
- $640,000
- 7%
- $620,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $660,000
- Geo Method
- $720,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $600,000
- Retail
- $630,000
- Mixed-Use
- $565,000
- Hospitality
- $615,000
- Educational
- $745,000
- Residential Income
- $590,000
- Energy
- $625,000
- Income-Based Land
- $705,000
- Food Service
- $575,000
Location Insight
- Map
- Local Demand
- City
- Clarence
- County
- Erie
- State
- New York
- Longitude
- -78.5586
- Latitude
- 42.9901
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA