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    FOR LEASE
    Gas stations

    5565 Millersport Hwy, Amherst, NY 14051

    1,232 SF 0.49 ac lot Built 1950
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US63-1995447
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Gas stations
    Use group GAS STATION
    Year built 1950
    Total area 1,232 SF
    Lot 0.49 ac (21,344 SF)
    Zoning code GB
    APN 142289 4.00-3-9
    UPID US63-1995447
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Cardinal Points Dev INC · 7 yrs held
    Cardinal Points Dev INC
    since 2018
    1 recorded transaction
    2018
    $52,000
    Zoning & alternative use
    GB · East Amherst, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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