1025 Hertel AveBuffalo, NY 14216

Property Details for 1025 Hertel Ave

Year built

1974

Lot size

10.82 AC

Property size (Sq ft)

89,476 SF

Zone code

D-S

Property type

Retail properties

Property subtype

Community centers

APN

140200 78.70-4-9

APU

140200787049

Description

This exceptional commercial property, located at 1025 Hertel Avenue in Buffalo, New York, presents a significant retail opportunity. The property boasts a substantial 88,620 square feet of vacant space within a single-tenant building, situated on a generous 10.5-acre lot. Its zoning classification is D-S, offering flexibility for a variety of retail uses. The property is conveniently located in Erie County, with easy access to major transportation routes. The entire building is currently available for lease. In addition to the main building, there is also an available outparcel/pad site of approximately 1.5 acres, ideal for additional development or expansion. This presents a unique chance to acquire a large, high-visibility retail space in a thriving Buffalo neighborhood. The property's size and location make it an attractive investment for businesses seeking a prominent presence in the area. The 10.5-acre lot provides ample space for parking, loading, and potential future expansion. This is a rare opportunity to secure a substantial retail space in a desirable location. The property's size and zoning make it suitable for a wide range of retail concepts. Serious inquiries are encouraged. The zip code is 14216.

• CAP approach

  CAP return

  Valuation

  6%

  $23,859,910

  6.5%

  $22,024,532

  7%

  $20,451,352

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,571,664

  Geo Method

  $14,184,917

• Alternative Use

  Use

  Valuation

  Residential

  $18,578,516

  Hospitality

  $17,017,822

  Educational

  $14,158,628

  Medical

  $14,645,565

  Retail

  $22,024,532

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.9466

Longitude

-78.8707

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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