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Property profile & analytics
OFF-MARKET Estimated value $1,745,000
Investment properties

5989 Transit Rd East Amherst, NY 14051-1787

10,781 SF 1.27 ac lot Built 2015
Entity Owned 10-yr Hold Free & Clear
Property ID
US63-5214063
Property summary
AI-generated overview

This exceptional freestanding retail property, located at 5989 Transit Road in East Amherst, NY 14051, offers 12,000 square feet of space, with 3,000 square feet currently vacant. Built in 2016, the building boasts a prime location within the Transit Road Shopping & Entertainment District, benefiting from high visibility and exceptional accessibility. The property sits on a 1.2-acre lot, providing 275 feet of frontage on Transit Road and 260 feet on Clarence Center Road. This strategic corner location offers unparalleled exposure to a substantial daily traffic volume of 28,838 vehicles on Transit Road, as reported by the Department of Transportation. The flexible space is ideal for multiple tenants, with available units ranging from 1,500 to 3,000 square feet. Its proximity to major thoroughfares ensures convenient access for customers and employees. The property is zoned for major arterial use and enjoys a highly desirable location across from a NOCO gas station and directly across from the Transit Valley County Club, further enhancing its appeal and attracting a diverse customer base. Minutes from numerous national and local retail outlets, this property presents a unique opportunity for businesses seeking a high-traffic, well-located retail space in a thriving commercial area.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2015
Total area 10,781 SF
Lot 1.27 ac (55,321 SF)
APN 143200 43.17-6-1.1
UPID US63-5214063
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
Current use
Occupant on record · Public records
  • Tim Hortons Cafe & Coffee Shop
  • Headspace Glass & Gifts (Bike/Boat/Book/etc) Store
  • Elements Massage Alternative Medicine Practice Spa & Massage Center
  • The Oak Stave Drinkery & Eatery Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.06M
Comparable Approach Comparable
$1.27M
Blend (final) Blend
$1.75M
Owner & transaction history
5989 Transit Road LLC · 10 yrs held
5989 Transit Road LLC
since 2015
4 recorded transactions
2019
Price N/A
2015
$105,000
2012
$700,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.6M +75.6%
Restaurant $1.5M +65.1%
Neighborhood: shopping center $1.5M +63.6%
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