100 Cascade Dr Springville, NY 14141
- Community centers
- 38,375 SF
- 2.57 lot acres
Current Use by Public Records
- M&T Bank ATM / Atm
- AutoZone Auto Parts / Auto Parts Store / Car Accessories Store
Property Details for 100 Cascade Dr
- Year built
- 1994
- Lot size
- 2.57 lot acres
- Property size
- 38,375 SF
- Property type
- Community centers
- APN
- 143801 335.18-1-15
- APU
- 14380133518115
Description
This exceptional value-add investment opportunity presents a 38,375-square-foot retail property situated on a 2.57-acre lot in Springville, New York. The single-story, Class B building, constructed in 1994, boasts 28,000 square feet of net rentable space, currently housing multiple tenants including AutoZone and M&T Bank. The property features 136 on-site parking spaces, providing ample convenience for customers and employees. Strategically located at the signalized intersection of Route 39 and Route 219, a major thoroughfare in Springville, this property benefits from high visibility and accessibility. The surrounding area is densely populated with various retailers and restaurants, including Country Fair, Emerling Ford, Tops Markets, and a Walmart Supercenter, ensuring a robust customer base. Zoned for Commercial/Industrial Park District use, this versatile property is well-suited for a variety of uses, including community facilities, warehouse operations, wholesale businesses, mobile home and boat sales, self-storage, and retail establishments. The asking price is $2,900,000, translating to $75.57 per square foot. This presents a compelling opportunity for investors seeking a strong return on investment in a prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $560,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $560,000
- 6.5%
- $490,000
- 7%
- $555,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $585,000
- Geo Method
- $550,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $630,000
- Retail
- $520,000
- Mixed-Use
- $535,000
- Hospitality
- $500,000
- Educational
- $535,000
- Residential Income
- $515,000
- Energy
- $630,000
- Income-Based Land
- $515,000
- Food Service
- $500,000
Location Insight
- Map
- Local Demand
- City
- Springville
- County
- Erie
- State
- New York
- Longitude
- -78.6884
- Latitude
- 42.5065
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA