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    OFF-MARKET Estimated value $2,230,000
    Assisted living facilities

    11580 Walden Ave, Alden, NY 14004-9715

    534,527 SF 152 ac lot Built 1938
    Entity Owned Free & Clear
    Property ID
    US63-3438279
    Property summary
    AI-generated overview

    This exceptional 152-acre property in Alden, New York, presents a unique redevelopment opportunity. Located in Erie County and conveniently situated approximately 10 miles from I-90/NYS Thruway, this expansive site offers significant potential for a variety of uses. The property includes an estimated 94 acres of usable land, with approximately 38 acres subject to wetland/floodplain restrictions. Multiple existing buildings totaling approximately 640,000 square feet are situated on the site. This includes three main buildings totaling approximately 414,000 square feet (approximately 100,000 square feet each), two adjacent buildings totaling 98,164 square feet (29,000 and 68,000 square feet respectively), and an additional 116,000 square feet in auxiliary structures. The property's history includes use as the Erie County Home and Infirmary, with structures dating back to 1928. Potential redevelopment options are numerous and could include multifamily housing, residential development, last-mile distribution facilities, solar energy projects, or manufacturing. A pump station on-site is excluded from the sale and will be retained by Erie County. There is no minimum bid; offers are encouraged. This is a rare chance to acquire a substantial land parcel with significant development potential in a desirable location. The property's size and location make it an attractive investment for developers seeking a large-scale project.

    Property profile
    Verified
    Property type Assisted living facilities
    Use group HOMES (RETIRED, NURSING)
    Year built 1938
    Total area 534,527 SF
    Lot 152 ac (6,621,120 SF)
    Zoning code C-R
    APN 142089 96.00-2-20.1
    UPID US63-3438279
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Canteen Vending Services Big Box & Wholesale Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.23M
    Owner & transaction history
    11580 Walden Ave Remainder LLC
    11580 Walden Ave Remainder LLC
    since 2026
    4 recorded transactions
    2026
    2021
    2016
    2004
    $77.5M
    Zoning & alternative use
    C-R · Alden, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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