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    Property profile & analytics
    OFF-MARKET
    Gas stations

    2050 Sheridan Dr, Buffalo, NY 14223-1470

    1,560 SF 0.67 ac lot Built 1960
    Individually Owned 20-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US63-2853278
    Property summary
    AI-generated overview

    This exceptional single-tenant retail property, a gas station, boasts 1,560 square feet on a half-acre lot in Buffalo, NY's desirable Sheridan Drive corridor. The property benefits from a high-traffic location at a signalized intersection, providing four convenient access points for customers. Its strategic position between two major retail corridors, Delaware & Sheridan and NFB & Sheridan, ensures significant visibility and accessibility. The strong surrounding retail environment includes nearby Key Bank, Rite Aid, and Dollar Tree, creating a synergistic retail cluster. This location is further enhanced by a substantial population base; a neighborhood population of 316,544 people resides within a 5-mile radius, providing a large potential customer pool. The property's single-tenant occupancy simplifies management and offers a stable income stream. The substantial land area offers potential for future expansion or redevelopment, subject to local zoning regulations. This presents a compelling opportunity for investors seeking a well-located, high-traffic retail asset in a thriving Buffalo, NY market. The property's size and location make it an ideal investment for both experienced and emerging investors in the convenience store and fuel retail sector. The high visibility and accessibility, coupled with the strong demographics, create a compelling value proposition for potential buyers. This is a rare opportunity to acquire a well-established business in a prime location with significant growth potential.

    Property profile
    Verified
    Property type Gas stations
    Use group SERVICE STATION WITH FOOD MART
    Year built 1960
    Total area 1,560 SF
    Lot 0.67 ac (29,400 SF)
    Zoning code C
    APN 146489 66.33-2-35
    UPID US63-2853278
    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
    • Sunoco Gas Station
    • ATM (Roy's Mobil) Atm
    • Mobil Gas Station
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Himansu R Persaud · 20 yrs held
    Himansu R Persaud
    since 2006
    1 recorded transaction
    2006
    $666,329
    Zoning & alternative use
    C · Buffalo, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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