Property profile

3249 Sheridan Dr Buffalo, NY 14226

FOR LEASE
Retail space
Property ID
US63-6136141
12,551 SF 1.38 ac lot Built 1999
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Total area 12,551 SF
Lot 1.38 ac (60,113 SF)
Zoning code SC-3
APN 142289 67.41-2-1.11
UPID US63-6136141

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Pharmacy

Location

3249 Sheridan Dr Buffalo, NY 14226
Buffalo metro Census 9302 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.83M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.02M
Blend (final) Blend
$3.92M

Owner & transaction history

since 2020
Last sale
$4.3M
4 recorded transactions
2020
$4.3M
2017
$3.7M
2005
$4.9M
2005
Price N/A

Zoning & alternative use

SC-3 · Buffalo, NY

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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More about this property
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