243 Main StSpringville, NY 14141

Property Details for 243 Main St

Year built

1929

Lot size

3.90 AC

Property size (Sq ft)

85,875 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

143801 335.15-8-23.1

APU

143801335158231

Description

This exceptional 85,875-square-foot industrial property, located at 243 W. Main Street in Springville, New York (Erie County, zip code 14141), presents a significant leasing opportunity. Built in 2010, the single-tenant warehouse sits on a generous 4.5-acre lot and offers a versatile layout suitable for various distribution and warehouse needs. The building boasts recently updated features including new windows, HVAC system, sprinkler system, roof, and electrical infrastructure. Plumbing and main drains have also been updated. A notable feature is a beautifully built-out restaurant space (approximately 6,000 square feet), offering potential for mixed-use development. Additional industrial space includes approximately 7,600 square feet with a loading dock and another 3,650 square feet of space. Ample parking is available with 65 spots, conveniently located in the heart of Springville village. The property is classified as industrial with warehouse and distribution subtypes. The entire building is currently vacant. This property offers a unique combination of modern amenities and versatile space, making it an attractive option for businesses seeking a prime location in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $15,578,228

  6.5%

  $14,379,903

  7%

  $13,352,767

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,215,724

  Geo Method

  $5,402,396

• Alternative Use

  Use

  Valuation

  Residential

  $17,831,080

  Hospitality

  $16,333,173

  Educational

  $13,589,008

  Medical

  $14,056,355

  Retail

  $21,138,456

Location Insight

City

Springville

County

Erie

State

New York

Latitude

42.5101

Longitude

-78.6769

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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