8328 Erie Rd Angola, NY 14006-9700
This 8,631 square foot commercial building, situated on a 1.1-acre lot at 8328 Erie Road in Angola, NY, presents a unique adaptive reuse opportunity. Originally constructed and completely renovated in the early 2000s, the property boasts a rich history of uses, including a hotel, retirement home, and most recently, offices for Suburban Adult Services, Inc. The building's current vacancy is attributed to the shift to remote work following the COVID-19 pandemic. The property is well-equipped for a variety of commercial applications, featuring multiple electrical panels, air conditioning units, furnaces, and bathrooms. This infrastructure ensures the building is ready for immediate occupancy and flexible adaptation to suit diverse business needs. The basement, while generally dry, experiences occasional water intrusion during periods of heavy spring thaw and rain, due to the proximity of a nearby creek. However, multiple sump pumps are in place to effectively manage this infrequent issue. The expansive lot size and versatile interior layout make this property an attractive investment for entrepreneurs and businesses seeking a substantial and adaptable space in a desirable location. Priced at $360,000, this property offers significant potential for return on investment.
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Suburban Adult Services Inc. The Glen Corporate Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.