1925 Niagara Fls BlvdAmherst, NY 14228

Property Details for 1925 Niagara Fls Blvd

Year built

1993

Lot size

1.09 AC

Property size (Sq ft)

6,153 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

142289 54.01-1-4.1

APU

1422895401141

Description

This exceptional 6,124 square foot commercial property, located at 1925 Niagara Falls Boulevard in Amherst, New York, presents a unique opportunity for a restaurant or retail business. Built in 1993 and extensively renovated in 2018, the building sits on a sizable 1.23-acre lot, offering ample space and visibility. Currently entirely vacant, this property is zoned for commercial, non-office use, making it ideal for a variety of businesses. Its strategic location off exit 3 of I-290 places it within the bustling Niagara Falls Boulevard retail and hospitality corridor, ensuring high traffic and excellent exposure. The property's previous tenant was a national restaurant chain, demonstrating its suitability for food service establishments. The owner is open to leasing the existing building or offering a ground lease to a qualified tenant. This presents a rare chance to establish a thriving business in a prime Amherst location with significant potential for growth. The property is situated in Erie County, New York, with a zip code of 14228, and falls within the Niagara Falls Blvd at I-290 submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $1,640,762

  6.5%

  $1,514,550

  7%

  $1,406,368

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,483,415

  Geo Method

  $975,455

• Alternative Use

  Use

  Valuation

  Residential

  $1,277,579

  Hospitality

  $1,170,256

  Educational

  $973,639

  Medical

  $1,007,124

  Retail

  $1,514,550

Location Insight

City

Amherst

County

Erie

State

New York

Latitude

43.0071

Longitude

-78.8217

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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