Property profile

255 Aldrich St Gowanda, NY 14070

OFF-MARKET
Specialty properties
Property ID
US63-5434004
4,640 SF 3.16 ac lot Built 1999
Entity Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 5,680 square foot commercial building presents a remarkable investment opportunity in Gowanda, NY. Situated on a substantial 3.16-acre lot, this property boasts tremendous visibility and offers significant potential for redevelopment or continued use. Built in 1998, the building features a covered entrance, great curb appeal, and ample parking, making it ideal for a variety of commercial ventures. The interior includes access to a full basement via two staircases and a dumbwaiter, adding to its versatility. Architectural drawings for a banquet hall are available upon purchase, showcasing the building's adaptability. Recent inspections reveal that all furnaces, AC units, and mechanical systems are fully functional, including a newly installed gas line connecting to the street. The roof has been inspected and shows significant remaining life with no leaks. The property is being sold "as is," with the owner making no repairs. This presents a unique chance to acquire a substantial commercial property with significant potential in a desirable location. The expansive lot size and existing infrastructure provide a solid foundation for a variety of commercial uses, including retail, office, or medical spaces.

Property profile

Verified
Property type Specialty properties
Use group FUNERAL HOME
Year built 1999
Total area 4,640 SF
Lot 3.16 ac (137,650 SF)
APN 143601 349.11-3-38.1
UPID US63-5434004

Cap rate & NOI

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

Location

255 Aldrich St Gowanda, NY 14070-1027
Gowanda metro Census 17501 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

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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