7474 Transit Rd Buffalo, NY 14221-6173
- Investment properties
- 4,000 SF
- 0.41 lot acres
Current Use by Public Records
- GEICO Insurance Agent / Insurance Agency / Auto Insurance Agency
- Munch Town / Convenience Store / Snack Bar
- Beltone Hearing Care Center / Hearing Aid Store / Deaf Service
- Oasis Smoke Shop / Tobacco Shop / Cannabis Store
- The Jungle / Tobacco Shop
Property Details for 7474 Transit Rd
- Year built
- 1976
- Lot size
- 0.41 lot acres
- Property size
- 4,000 SF
- Zone code
- GB
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 142289 70.13-2-14.1
- APU
- 14228970132141
Description
This exceptional 4,000 square foot retail property, located at 7474 Transit Road in Williamsville, NY (zip code 14221), presents a unique investment opportunity. Situated in Erie County, across from the Eastern Hills Mall in the thriving town of Amherst – Buffalo's largest suburb – this single-tenant space offers significant visibility and accessibility. The building boasts a total of 4,000 square feet, currently configured as a single retail unit of 1,000 square feet, with potential for flexible use as retail, office, or medical space. Its prime location on Transit Road ensures high exposure to a substantial customer base. Transit Road experiences an average annual daily traffic count of approximately 33,608 vehicles, guaranteeing consistent foot traffic and brand visibility. This property is ideal for businesses seeking a strategic location within a bustling commercial area, benefiting from the proximity to a major shopping mall and a dense population. The property's versatility and high-traffic location make it an attractive prospect for a variety of commercial ventures. This is a rare opportunity to secure a well-positioned retail space in a highly desirable area of Western New York.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $380,000
- 6.5%
- $440,000
- 7%
- $385,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $370,000
- Geo Method
- $420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $420,000
- Retail
- $380,000
- Mixed-Use
- $420,000
- Hospitality
- $425,000
- Educational
- $405,000
- Residential Income
- $425,000
- Energy
- $380,000
- Income-Based Land
- $415,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.6973
- Latitude
- 42.9716
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA