450 Olean Rd East Aurora, NY 14052-9744
- Retail space
- 7,848 SF
- 1.09 lot acres
Current Use by Public Records
- Martyn Printing and Graphics / Commercial Printer
- Weed Ross / Insurance Agency
Property Details for 450 Olean Rd
- Year built
- 1992
- Lot size
- 1.09 lot acres
- Property size
- 7,848 SF
- Property type
- Retail space
- APN
- 142489 176.13-2-5
- APU
- 1424891761325
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $385,000
- 6.5%
- $390,000
- 7%
- $380,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $325,000
- Geo Method
- $400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $425,000
- Retail
- $355,000
- Mixed-Use
- $440,000
- Hospitality
- $430,000
- Educational
- $380,000
- Residential Income
- $370,000
- Energy
- $335,000
- Income-Based Land
- $415,000
- Food Service
- $320,000
Location Insight
- Map
- Local Demand
- City
- East Aurora
- County
- Erie
- State
- New York
- Longitude
- -78.6074
- Latitude
- 42.755
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
