3545 Buffalo St Orchard Park, NY 14127-1933
- Investment properties
- 4,950 SF
- 0.74 lot acres
Current Use by Public Records
- Taj of Orchard Park / Indian Takeaway
- Hearts for the Homeless / Donations Center / Charity
- Rix Country Store / Pizza Restaurant
Property Details for 3545 Buffalo St
- Year built
- 2002
- Lot size
- 0.74 lot acres
- Property size
- 4,950 SF
- Zone code
- B1
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 146089 161.08-2-18
- APU
- 14608916108218
Description
This exceptional retail investment opportunity presents a single-tenant, 4,950 square foot convenience store located at 3545 N Buffalo St in Orchard Park, NY. The property, built in 1998, is a Class B building with one story and sits on commercially zoned land. Currently operating as a convenience store with food service, the business is not included in the sale; only the building is for sale. The asking price is $995,000, representing a price per square foot of $201.01 and a 4.82% cap rate. The property boasts a strong net operating income (NOI) of $48,000. The lease is a NNN (Net, Net, Net) lease with a remaining term of 3 years. This prime location in the heart of Orchard Park offers high visibility and significant foot traffic, making it an ideal investment for savvy entrepreneurs and investors seeking a stable, income-generating asset. The B1 zoning allows for a variety of commercial uses, presenting further expansion possibilities. Don't miss this chance to acquire a well-established property in a thriving community. The property's address is 3545 N Buffalo St, Orchard Park, NY 14127.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $320,000
- 7%
- $305,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $335,000
- Geo Method
- $335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $320,000
- Mixed-Use
- $310,000
- Hospitality
- $285,000
- Educational
- $300,000
- Residential Income
- $365,000
- Energy
- $320,000
- Income-Based Land
- $320,000
- Food Service
- $320,000
Location Insight
- Map
- Local Demand
- City
- Orchard Park
- County
- Erie
- State
- New York
- Longitude
- -78.7495
- Latitude
- 42.7876
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA