For Lease
1 / 3
Property summary
This exceptional 12,551 square foot retail space, located at 3249 Sheridan Drive in Amherst, NY, presents a unique investment opportunity. Formerly a Rite Aid, this single-tenant building boasts a prime corner location within the Amherst Retail Corridor, ensuring high visibility and significant foot and vehicle traffic. Built in 1999 and renovated in 2006, the property features a spacious open floor plan with a second-floor mezzanine, providing ample room for various business configurations. The building includes a convenient drive-thru window, a significant asset for many retail operations. Parking is abundant, with 5.10 total spaces available. The property benefits from a digitally controlled HVAC system and large storefront windows, maximizing natural light and creating an inviting atmosphere. The zoning is General Retail, allowing for a wide range of potential uses. The building is a two-story structure with three-phase power, but lacks elevators. Cross street access is available via Bailey Avenue. This location offers unparalleled access to a thriving consumer base in a highly desirable area. The property's size, features, and location make it an ideal choice for businesses seeking a prominent presence in the Amherst market.
Property profile
VerifiedCap rate & NOI
Current use
-
Pharmacy
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
SC-3 · Buffalo, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for SC-3 in Buffalo, NY.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.