5460 Transit Rd Depew, NY 14043
- Investment properties
- 6,284 SF
- 0.33 lot acres
Current Use by Public Records
- ONE STOP SHOP OF BUFFALO / Convenience Store
- Hot spot smoke shop / Tobacco Shop
- Depew Town Hall / Association / Organization
- Epic Pro Scooters / Sporting Goods Store
Property Details for 5460 Transit Rd
- Year built
- 1960
- Lot size
- 0.33 lot acres
- Property size
- 6,284 SF
- Zone code
- 05C
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 143003 104.61-2-9
- APU
- 1430031046129
Description
This exceptional 13,165 square foot retail property, located at 5460 Transit Road in Depew, New York, is available for $1,890,000 ($143.56/SF). Built in 1960, this vacant commercial space sits on a 0.64-acre corner lot, offering unparalleled visibility and accessibility. The property boasts a convenient traffic signal access point and ample parking, with a ratio of 4.32 spaces per 1,000 square feet. Fifty free surface parking spaces are available on all sides of the building. A prominent LED sign enhances visibility for potential businesses. The rear yard is fully fenced for added security. This versatile space presents a unique opportunity for various uses, including a used car lot and service business (with equipment included), warehouse, storage, or retail conversion. The property's prime location in Erie County, NY, zip code 14043 (latitude 42.9041788, longitude -78.6973821), ensures high traffic volume and excellent exposure. This is an ideal investment for entrepreneurs seeking a high-visibility location with significant potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $240,000
- 6.5%
- $245,000
- 7%
- $260,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $225,000
- Geo Method
- $230,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $235,000
- Retail
- $275,000
- Mixed-Use
- $255,000
- Hospitality
- $255,000
- Educational
- $210,000
- Residential Income
- $270,000
- Energy
- $250,000
- Income-Based Land
- $220,000
- Food Service
- $240,000
Location Insight
- Map
- Local Demand
- City
- Depew
- County
- Erie
- State
- New York
- Longitude
- -78.6973
- Latitude
- 42.9041
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA