6766 Transit Rd Buffalo, NY 14221
- Turn key restaurants
- 11,461 SF
- 2.34 lot acres
Current Use by Public Records
- Protocol Restaurant / Wedding Venue / Seafood Restaurant
- WNY Rapid Testing - Transit / Medical Clinic
Property Details for 6766 Transit Rd
- Year built
- 1971
- Lot size
- 2.34 lot acres
- Property size
- 11,461 SF
- Property type
- Turn key restaurants
- APN
- 142289 82.09-6-18.11
- APU
- 142289820961811
Description
This exceptional 11,500-square-foot retail property, located at 6766 Transit Road in Buffalo, New York, presents a unique investment opportunity. Situated on a generous 2.4-acre lot, the single-story building, constructed in 1971, offers significant potential for redevelopment or repurposing. Previously utilized as a banquet facility, the building's shell is currently available for sale or ground lease. The property's zoning allows for a variety of uses, including storefront retail, restaurant, and storefront/office space. The expansive lot size provides ample room for expansion or additional development. The property's location on Transit Road offers high visibility and accessibility, making it an ideal location for a variety of businesses. The property's Assessed Parcel Number (APN) is 142289-082-090-0006-018-110. Furthermore, the property's layout allows for the possibility of division into two separate development parcels, providing flexibility for potential buyers or lessees. This presents a rare chance to acquire a substantial property in a prime Buffalo location with significant upside potential. The property is ready for a new owner or tenant to bring their vision to life. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,615,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,790,000
- 6.5%
- $1,575,000
- 7%
- $1,785,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,680,000
- Geo Method
- $1,505,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,910,000
- Retail
- $1,485,000
- Mixed-Use
- $1,455,000
- Hospitality
- $1,570,000
- Educational
- $1,885,000
- Residential Income
- $1,870,000
- Energy
- $1,650,000
- Income-Based Land
- $1,460,000
- Food Service
- $1,665,000
Location Insight
- Map
- Local Demand
- City
- Williamsville
- County
- Erie
- State
- New York
- Longitude
- -78.6977
- Latitude
- 42.9518
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
