2309 Eggert RdTonawanda, NY 14150

Property Details for 2309 Eggert Rd

Year built

1968

Lot size

9.19 AC

Property size (Sq ft)

101,854 SF

Zone code

C

Property type

Strip malls

Property subtype

Neighborhood centers

APN

146489 67.30-3-1.111

APU

146489673031111

Description

Sheridan Plaza, a 121,846 square foot power center in Tonawanda, NY, offers exceptional retail space for lease. Located at 2309 Eggert Rd, this three-building property sits on a 9.19-acre lot and boasts a prime location at the corner of Sheridan Drive and Niagara Falls Boulevard, within Erie County. The property features nearly 500 parking spaces and offers multiple tenancy options, with spaces ranging from 1,000 to 7,665 contiguous square feet, and currently has 19,170 square feet of vacant space available. Built in 1968, this center benefits from high visibility along a major retail corridor, drawing from a large trade area including the affluent Amherst suburb and the University at Buffalo (with over 31,000 students) within a two-mile radius. Easy access to I-290 further enhances its appeal. An ATM pad site near the Sheridan Drive curb cut is also available for ground lease. This location provides excellent exposure and accessibility for a variety of retail concepts. The property's strong demographics and convenient location make it an ideal investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $27,160,490

  6.5%

  $25,071,222

  7%

  $23,280,420

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,555,800

  Geo Method

  $16,147,241

• Alternative Use

  Use

  Valuation

  Residential

  $21,148,514

  Hospitality

  $19,371,924

  Educational

  $16,117,214

  Medical

  $16,671,510

  Retail

  $25,071,222

Location Insight

City

Tonawanda

County

Erie

State

New York

Latitude

42.9818

Longitude

-78.8252

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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