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Property profile & analytics
FOR LEASE
Strip malls

3531 Seneca St West Seneca, NY 14224

24,430 SF 9.9 ac lot Built 1964
Entity Owned 14-yr Hold Free & Clear
Property ID
US63-2876620
Property summary
AI-generated overview

Seneca Ridge Plaza, located at 3531 Seneca St in West Seneca, NY (zip code 14224), offers a prime retail space opportunity within a thriving power center. This single-story, 22,967 square foot building, constructed in 1964, sits on a 3.65-acre lot in Erie County. Currently, 11,509 square feet of space is available for lease, with a minimum divisible unit of 1,803 square feet and a maximum contiguous space of 9,706 square feet. The property boasts a highly visible location with a signalized entrance, ensuring excellent accessibility and high traffic volume. Strong anchors such as Planet Fitness and Dollar General contribute to a consistent customer flow throughout the day. The diverse tenant mix creates a vibrant shopping environment, attracting a wide range of customers. This former Goodwill location presents a unique chance to establish a business in a well-established and busy neighborhood shopping center with an average daily traffic count of nearly 22,000 vehicles. The property's strategic location and established tenant base make it an ideal investment for businesses seeking high visibility and strong foot traffic. Contact us today to learn more about this exceptional retail opportunity.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1964
Total area 24,430 SF
Lot 9.9 ac (431,244 SF)
Zoning code 10
APN 146800 143.06-2-9.1
UPID US63-2876620
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
  • Western Union Bank Credit Union
  • Sophia Nguyen Spa Nails Nail Salon
  • Dollar General Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.40M
Blend (final) Blend
$1.87M
Owner & transaction history
Seneca Ridge Plaza LLC · 14 yrs held
Seneca Ridge Plaza LLC
since 2012
1 recorded transaction
2012
$2.5M
Zoning & alternative use
10 · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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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