Property profile

1925 Niagara Fls Blvd Amherst, NY 14228

OFF-MARKET
Turn key restaurants
Property ID
US63-3001940
6,153 SF 1.09 ac lot Built 1993
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1993
Total area 6,153 SF
Lot 1.09 ac (47,480 SF)
APN 142289 54.01-1-4.1
UPID US63-3001940

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1925 Niagara Fls Blvd Amherst, NY 14228-3500
Amherst metro Census 9200 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$877k
Blend (final) Blend
$860k

Owner & transaction history

since 2016
2 recorded transactions
2016
Price N/A
2016
$1.4M

Zoning & alternative use

Top alternative use upside
Retail stores $885,000 +16.0%
Neighborhood: shopping center $800,000 +4.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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