Property profile

400 Lang Blvd Grand Island, NY 14072

OFF-MARKET
Industrial land
Property ID
US63-6168571
12 ac lot
Entity Owned 20-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 11.84-acre industrial land parcel presents a unique investment opportunity in Grand Island, New York. Located at 400 Lang Blvd, this property boasts an M1 zoning designation, opening doors to a wide range of industrial uses. Its strategic location offers significant advantages for businesses seeking efficient logistics and distribution. The site is situated adjacent to a major RR Donnelley facility, placing it within a well-established industrial area. Proximity to other warehousing and logistics operations further enhances its appeal. The property benefits from convenient access to the I-190 on/off ramps, providing seamless connectivity to the US-Canada International Bridge crossings. This prime location offers unparalleled access to major transportation arteries, facilitating efficient movement of goods and services. The land is currently privately owned and is being offered for sale at $600,000. This represents a compelling opportunity to acquire a substantial industrial land holding in a thriving location with excellent infrastructure and access to key transportation networks. The 14072 zip code ensures a convenient address for businesses operating in this area. This greenfield site is ready for development, presenting a blank canvas for ambitious industrial projects.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 12 ac (522,720 SF)
Zoning code M1
APN 144600 23.00-3-6.12
UPID US63-6168571

Cap rate & NOI

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

Location

400 Lang Blvd Grand Island, NY 14072-3111
Grand Island metro Census 7303 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2006
1 recorded transaction
2006
$386,000

Zoning & alternative use

M1 · Grand Island, NY
Zoning description

strict § 407-75 Purpose. § 407-76 Principal uses and structures. § 407-77 Accessory uses and structures. § 407-78 Uses permitted upon issuance of special permit. § 407-79 Special rules for amusement parks. Article XVIII…

General category INDUSTRIAL

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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