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    Investment properties

    6348 Transit Rd, Cheektowaga, NY 14225

    21,312 SF 0.89 ac lot Built 1961
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US63-3028859
    Property summary
    AI-generated overview

    This exceptional 1,500-square-foot office/retail space is situated in a bustling Depew, NY plaza on heavily trafficked Transit Road (Route 78), a primary north-south artery connecting numerous Western New York suburbs. The single-story, 1955-built building sits on a 0.69-acre lot and offers a fantastic opportunity for businesses seeking high visibility and accessibility. The entire space is currently vacant, providing a blank canvas for customization. The property boasts a strong tenant mix within the plaza, including Transit Hill Pharmacy, Step Ahead Shoe Store, Gym Swap, Goldsmiths Jewelry Store of WNY, Ten Lives Club, and Sew What Quilt Shop. This prime location benefits from proximity to a major grocery store (Tops Super Market Plaza) serving approximately 20,000 households, as well as other popular businesses such as Subway, Dollar Tree, Super Cuts, Tim Horton's, WNY Immediate Care, McDonald's, Italian Village Restaurant, Salvatore's Prime Restaurant, and the Delavan Hotel. The property's location between Genesee Street and Rehm Road further enhances its strategic position within this thriving commercial area. This is a rare opportunity to establish a presence in a high-demand location with excellent visibility and strong surrounding businesses. The property is zoned for commercial and executive office use.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1961
    Total area 21,312 SF
    Lot 0.89 ac (38,768 SF)
    Zoning code 05C
    APN 143003 93.13-4-29
    UPID US63-3028859
    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
    • Gym Swap Sportswear Store Clothing Store
    • Aroma therapy Inc Alternative Medicine Practice Spa & Massage Center
    • United Capital Credit Consultant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.37M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.18M
    Blend (final) Blend
    $1.88M
    Owner & transaction history
    6348 Transit Rd LLC · 2 yrs held
    6348 Transit Rd LLC
    since 2023
    Last sale
    $2.0M
    2 recorded transactions
    2023
    $2.0M
    2008
    Zoning & alternative use
    05C · Depew, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $3.1M +73.5%
    Restaurant $2.9M +63.2%
    Neighborhood: shopping center $2.9M +61.7%
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    More about this property
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