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    3500 Main St Amherst, NY 14226
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    Property profile & analytics

    3500 Main St Amherst, NY 14226


    • Super regional malls
    • 17,778 SF
    • 14.00 lot acres
    Retail Space in University Plaza For Lease
    $3,410,000

    Retail Space in University Plaza

    Retail space for lease in Amherst, NY shopping center.

    3500 Main Street, Amherst, NY 14226
    View Listing
    Property ID
    US63-1654971
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $3,410,000
    Cap Rate Potential
    6.2%
    Super regional malls
    Location Intelligence

    Current Use by 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

    Property Details for 3500 Main St

    Year built
    1950
    Lot size
    14.00 lot acres
    Property size
    17,778 SF
    Zone code
    GB
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    142289 79.32-2-24
    APU
    1422897932224

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $3,305,000
      ML approach
      $3,400,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $3,395,000
      6.5%
      $3,135,000
      7%
      $2,910,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,190,000
      Market price range: $743k - $4.19M
    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,305,000
      Current use
      RETAIL STORES
      $2,555,000
      Change: +11% Conversion: Easy
      RESTAURANT
      $2,200,000
      Change: -5% Conversion: Difficult
      OFFICE BUILDING
      $2,060,000
      Change: -11% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8177
    Latitude
    42.9595
    CBSA code
    15380
    CBSA name
    BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $400,257
    $1,630,000
    $10,753,000
    $12,383,000
    -
    $2,629,032
    $17,343,549
    $19,972,581
    View Listing
    More about this property
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