1815 Love Rd Grand Island, NY 14072-2248
- Manufacturing properties
- 30,500 SF
- 1.95 lot acres
Current Use by Public Records
- Eeeco North Inc / Packaging Supply Store
- BUFFALO CAR CASH / Corporate Office
- BUFFALO CAR BUYERS / Auto Auction
Property Details for 1815 Love Rd
- Year built
- 1949
- Lot size
- 1.95 lot acres
- Property size
- 30,500 SF
- Zone code
- M1
- Property type
- Manufacturing properties
- APN
- 144600 51.10-1-40.111
- APU
- 1446005110140111
Description
This exceptional 30,500-square-foot commercial property, located at 1815 Love Rd in Grand Island, NY, presents a unique investment opportunity. Situated on a 3-acre lot in Erie County, this single-story, Class B building boasts a prime location near the I-190 expressway, providing easy access to Erie and Niagara counties. Originally built in 1949 and extensively renovated in 2020, the property offers a blend of executive office and warehouse space, ideal for a variety of service-oriented businesses. The building features 11 on-site parking spaces and is currently entirely vacant, allowing for complete customization to suit a tenant's specific needs. This highly visible location is situated along a major north-south corridor connecting Buffalo, Niagara Falls, and Canada, ensuring high traffic and visibility. The property's adaptable layout makes it suitable for retail, office, or restaurant uses, presenting a rare chance to establish a business in a high-demand area. The building's recent renovation ensures modern amenities and functionality, making it an attractive option for businesses seeking a well-maintained and strategically located space. This is a first-generation space within a redeveloped building, offering a fresh and modern environment for new tenants. The property's multiple-tenancy potential allows for flexibility in leasing arrangements.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $485,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $480,000
- 6.5%
- $530,000
- 7%
- $505,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $475,000
- Geo Method
- $495,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $525,000
- Retail
- $475,000
- Mixed-Use
- $490,000
- Hospitality
- $565,000
- Educational
- $595,000
- Residential Income
- $475,000
- Energy
- $520,000
- Income-Based Land
- $540,000
- Food Service
- $590,000
Location Insight
- Map
- Local Demand
- City
- Grand Island
- County
- Erie
- State
- New York
- Longitude
- -78.9594
- Latitude
- 42.9988
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
