5895 Goodrich RdClarence Center, NY 14032

Property Details for 5895 Goodrich Rd

Year built

1935

Lot size

1.15 AC

Property size (Sq ft)

2,702 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

143200 58.07-2-2.11

APU

14320058072211

Description

This exceptional 2,702+/- square foot office/retail building in Clarence Center, NY, presents a unique investment opportunity. Situated on a generous 1.15-acre lot, this Class B property boasts ample parking for 30+ vehicles, ensuring convenient access for clients and employees. Built in 1979 and extensively renovated in 2018, the building features a two-story design with a total of 2,702 square feet, including 1,400 square feet of vacant space ready for immediate occupancy. The property's single-tenancy configuration offers flexibility and control. The interior layout includes four offices, a conference room, and a convenient kitchenette. Enjoy the added benefit of a pleasant patio deck at the rear of the building. Located at 5895 Goodrich Rd, Clarence Center, NY 14032, this property benefits from high visibility and traffic counts, making it ideal for a professional firm seeking a prominent presence in a thriving community. The property is zoned commercial and is within Erie County. All utilities and CAM charges are included in the rent. This free-standing building offers a compelling combination of space, amenities, and location, making it an attractive proposition for discerning businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $490,139

  6.5%

  $452,436

  7%

  $420,119

• Comparable approach

  Method

  Valuation

  Relative Method

  $258,498

  Geo Method

  $169,983

• Alternative Use

  Use

  Valuation

  Residential

  $561,020

  Hospitality

  $513,892

  Educational

  $427,552

  Medical

  $442,256

  Retail

  $665,081

Location Insight

City

Clarence Center

County

Erie

State

New York

Latitude

43.0074

Longitude

-78.6367

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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