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    FOR LEASE
    Super regional malls

    3500 Main St, Amherst, NY 14226

    17,778 SF 14 ac lot Built 1950
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US63-1654971
    Property summary
    AI-generated overview

    University Plaza, a prime retail strip center with medical office space, offers exceptional leasing opportunities in Amherst, NY. Located at 3500 Main Street, 14226, this Erie County property boasts a total of 163,388 square feet. Currently, there are 18,598 square feet of vacant space available, divisible into units ranging from a minimum of 2,398 square feet to a maximum contiguous space of 10,000 square feet. This presents a unique chance for businesses seeking flexible and adaptable spaces to suit their specific needs. The property's strategic location in Amherst provides excellent visibility and accessibility, making it an ideal location for a variety of retail and medical tenants. The property's multiple tenancy structure fosters a vibrant and diverse community of businesses. This is a rare opportunity to secure space in a well-established and thriving commercial center in a high-traffic area of Buffalo, New York. The property is conveniently located in Erie County, offering easy access to major transportation routes and a strong local customer base. Interested parties are encouraged to inquire about available spaces and lease terms. This is a fantastic opportunity to establish or expand your business in a prime location.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 1950
    Total area 17,778 SF
    Lot 14 ac (609,840 SF)
    Zoning code GB
    APN 142289 79.32-2-24
    UPID US63-1654971
    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
    • China King Restaurant
    • Northtown Travel Travel Agency
    • Golden Waffles Bakery Take-out & Catering
    • Gino's NY Pizza ( University Plaza ) Restaurant
    • Venus Greek & Mediterránean Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.40M
    CAP Approach CAP
    $3.14M
    Comparable Approach Comparable
    $4.19M
    Blend (final) Blend
    $3.41M
    Owner & transaction history
    Amherst Station II LLC · 6 yrs held
    Amherst Station II LLC
    since 2020
    Last sale
    $3.6M
    2 recorded transactions
    2020
    $3.6M
    2015
    $9.9M
    Zoning & alternative use
    GB · Buffalo, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $2.6M +10.7%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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