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Property profile

482 Waverly St Springville, NY 14141

OFF-MARKET
Land
Property ID
US63-2066052
8.73 ac lot
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Property summary

AI-generated overview

This exceptional 8.73-acre commercial land parcel presents a unique redevelopment opportunity in Springville, New York. Located in Erie County's Southern regional shopping hub, the property boasts 496 feet of street frontage on Waverly Street, offering unparalleled visibility and accessibility. Its strategic location places it directly off South Cascade Drive (Old Route 219), adjacent to major retailers including Lowe's, Walmart, Tim Hortons, and Jim Murphy Chevrolet. The presence of a traffic signal at the cross street intersection ensures high traffic flow and excellent exposure. This cleared and level lot is serviced by municipal utilities, making it ideal for a variety of commercial developments. The asking price is $549,000, translating to a land value of $1.44 per square foot. The property's zoning is designated as Residential Vacant Land, offering flexibility for potential development plans. Given its size, location, and proximity to established businesses, this property represents a compelling investment opportunity for developers seeking a high-impact commercial project in a thriving retail area. Don't miss this chance to acquire a significant piece of land in a prime commercial location.

Property profile

Verified
Property type Land
Lot 8.73 ac (380,279 SF)
UPID US63-2066052

Cap rate & NOI

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

Location

482 Waverly St Springville, NY 14141
Springville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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