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Property profile & analytics
OFF-MARKET Estimated value $520,000
Retail space

450 Olean Rd East Aurora, NY 14052-9744

7,848 SF 1.09 ac lot Built 1992
Individually Owned 19-yr Hold ~ Est. High Equity
Property ID
US63-5753019
Property summary
AI-generated overview

This exceptional commercial property in East Aurora, NY, presents a lucrative investment opportunity. Located on a 1.088-acre lot at 450 Olean Road, this 7,848 square foot building boasts ample parking for over 20 vehicles. The main structure features a blend of professional office and warehouse space, including a large garage bay door exceeding 10 feet in height, perfect for loading and unloading. One tenant occupies a fully equipped professional office suite complete with reception areas, conference rooms, and separate restrooms. A second tenant utilizes a versatile space combining office and retail areas, a reception area, a full bath, and a spacious heated warehouse/garage. Adding to the property's appeal is a detached, over 1,700 square foot heated Morton building with two large, high garage doors, currently owner-occupied and offering significant rental potential or personal use. The property's strategic location across from Majors Park and near the historic Main Street district, with its shops, restaurants, ice rink, and theatre, ensures high visibility and accessibility. The asking price is $874,900. This property offers a strong cash flow from two long-term tenants, making it an ideal addition to any investment portfolio. The combination of office, warehouse, and additional building space provides flexibility and diverse income streams. Don't miss this chance to acquire a high-value commercial property in a thriving East Aurora location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1992
Total area 7,848 SF
Lot 1.09 ac (47,480 SF)
APN 142489 176.13-2-5
UPID US63-5753019
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
  • Martyn Printing and Graphics Marketing & Advertising Printing Service
  • Weed Ross Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$555k
Blend (final) Blend
$520k
Owner & transaction history
James F Collins II · 19 yrs held
James F Collins II
since 2007
3 recorded transactions
2007
$350,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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