5565 Millersport Hwy, Amherst, NY 14051
This exceptional 3.29-acre redevelopment opportunity in East Amherst, NY, presents a unique chance to capitalize on a high-traffic location. Situated at the corner of Transit Road and Millersport Highway, this property boasts over 1,000 feet of frontage on Millersport Highway and benefits from a traffic signal providing excellent access. The site, formerly a gas station decommissioned over 20 years ago, has undergone significant environmental remediation, with approximately $200,000 invested in cleanup in 2012. A new fiberglass split 10,000-gallon gasoline storage tank was installed in 2000. The existing 1,225 square foot building is vacant, offering flexibility for redevelopment. Daily traffic counts exceed 37,259 vehicles, with Transit Road seeing approximately 14,752 and Millersport Highway registering approximately 22,507. This prime location offers unparalleled visibility and accessibility. The owner is open to reasonable offers and will consider financing options, including a potential mortgage to a qualified buyer with terms to be determined. A ground lease is also available. This property is ideal for a variety of commercial ventures seeking high visibility and significant traffic exposure.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GB · East Amherst, NYEast Amherst. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.