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    OFF-MARKET
    Investment properties

    2540 George Urban Blvd, Depew, NY 14043-2012

    2,604 SF 0.85 ac lot Built 1970
    Entity Owned 16-yr Hold Free & Clear
    Property ID
    US63-0441480
    Property summary
    AI-generated overview

    This exceptional 2,604 square foot commercial building presents a remarkable opportunity for businesses seeking expansion or a new location. Situated on a highly trafficked commercial/residential street in Depew, NY, this freestanding brick structure boasts a fully remodeled interior completed in 2019. The property sits on a sizable 0.85-acre lot (150 x 250 feet), offering ample space and parking. Interior features include a clear span design, new electrical, plumbing, heating, and air conditioning systems, a new concrete subfloor with a spring board floor, two handicapped-accessible bathrooms, a private office with a shower, a tiled vestibule, tiled window areas, a new drop ceiling with four fans, a storage room, two chalkboard writing areas, a water fountain, and a utility room with time clocks for exterior lights. Exterior improvements include a brand new paved parking lot accommodating 20+ cars, a concrete walkway, a recently replaced roof with new trusses and shingles, and storefront windows and rear doors installed approximately 12 years ago. The yard features a fenced area and a designated dumpster area. The C-2 zoning allows for a wide variety of business uses. This property's combination of modern amenities, ample space, and prime location makes it an exceptional investment opportunity. The building's ease of modification further enhances its versatility.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1970
    Total area 2,604 SF
    Lot 0.85 ac (37,026 SF)
    Zoning code 05C
    APN 143003 103.07-6-17.1
    UPID US63-0441480
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    A & P Properties Of Erie · 16 yrs held
    A & P Properties Of Erie
    since 2009
    2 recorded transactions
    2009
    $72,500
    2008
    Zoning & alternative use
    05C · Depew, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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