3505 Amelia Dr Orchard Park, NY 14127
- Community centers
- 6,375 SF
- 1.48 lot acres
Current Use by Public Records
- AT&T Store / Cell Phone Store / Cell Phone Accessory Store
- Cingular Wireless / Cell Phone Store
Property Details for 3505 Amelia Dr
- Year built
- 2008
- Lot size
- 1.48 lot acres
- Property size
- 6,375 SF
- Zone code
- B2
- Property type
- Community centers
- APN
- 146089 152.18-1-9.12
- APU
- 146089152181912
Description
This exceptional fee-simple retail property, located at 3505 Amelia Drive in Orchard Park, NY, presents a compelling investment opportunity. The 6,245 square foot building sits on a 1.48-acre lot and boasts a 100% occupancy rate with three established tenants: AT&T, Subway, and Yoga Six. Built in 2008, the property benefits from a strong tenant mix, providing diverse and stable income streams. Annual rent bumps are in place, as detailed in the rent schedule. The property enjoys excellent visibility on a major thoroughfare (Rt 179, Milestrip Rd), situated within a high-traffic retail corridor and affluent trade area. The current Net Operating Income (NOI) is $183,172, yielding an attractive 7.00% capitalization rate. Long-term tenant commitments are secured, including a recent seven-year renewal by AT&T. This property offers a compelling combination of strong cash flow, stable tenancy, and significant upside potential, making it an ideal addition to any investment portfolio. The asking price is $2,617,000. The property is offered as a gross lease with fee simple ownership. Operating expense collection is in place.
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
- Orchard Park
- County
- Erie
- State
- New York
- Longitude
- -78.7811
- Latitude
- 42.7899
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
