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Property profile & analytics

5623 Transit Rd East Amherst, NY 14051-1805

  • Investment properties
  • 3,321 SF
  • 0.67 lot acres
OFF-MARKET
Last Sale
Oct 06, 2023
$800,000
Value Estimations
$835,000
Show details
Cap Rate Potential
4.2%
Investment properties
Location Intelligence
Property ID
US63-2717725
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • R-Chambeau's Coiffures Ltd / Hair Salon / Nail Salon

Property Details for 5623 Transit Rd

Year built
1946
Lot size
0.67 lot acres
Property size
3,321 SF
Zone code
MA
Property type
Investment properties
Property subtype
Live-work space
APN
143200 57.09-6-8
APU
143200570968

Description

This exceptional 3,000 square foot free-standing retail building presents a unique opportunity in East Amherst, NY. Situated on a 1.35-acre lot at 5623 Transit Road (cross street: Roll), this single-tenant property boasts a Class B designation and ample parking for 30 vehicles. Built in 1946, the one-story structure is zoned MA and features a convenient walk-in shower/sauna space, perfectly suited for a salon or similar business. The property's significant size, combined with its high-traffic location and outstanding demographics, makes it an ideal investment. The entire 3,000 square feet is currently vacant, offering immediate occupancy for a new tenant. The property's Assessed Parcel Number (APN) is 143200-057-090-0006-008-000. This is a rare chance to acquire a well-located, spacious retail building with significant potential in a thriving community. The property's prime location and ample parking ensure high visibility and accessibility for customers. The existing walk-in shower/sauna space adds versatility and potential for unique business applications. Don't miss this chance to secure this exceptional retail space in a desirable East Amherst location. The property is ready for immediate occupancy.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $980,000
    ML approach
    $950,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $685,000
    6.5%
    $635,000
    7%
    $590,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
East Amherst
County
Erie
State
New York
Longitude
-78.6962
Latitude
43.0012
CBSA code
15380
CBSA name
BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$195,000
$170,000
$365,000
-
$243,750
$212,500
$456,250
More about this property
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