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Multi-Tenant Property 5661 Transit Rd

5,168 SF Retail Building East Amherst, NY 14051 $750,000 ($145/SF)

Investment Highlights

  • Multi-Tenant Property
  • 100' Transit Road Frontage
  • 20 Parking Spaces
  • Separate Building Ideal for Owner-User
  • Paved .80 AC Lot with Drainage

Executive Summary

Multi-Tenant Property. Separate Building Ideal for Owner-User. 100' Transit Road Frontage. Paved .80 AC Lot with Drainage.
Strong Traffic Count.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $74,040 $14.33
Other Income - -
Vacancy Loss - -
Effective Gross Income $74,040 $14.33
Taxes $22,785 $4.41
Operating Expenses $5,550 $1.07
Total Expenses $28,335 $5.48
Net Operating Income $45,705 $8.84

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $74,040
Annual Per SF $14.33
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $74,040
Annual Per SF $14.33
Taxes
Annual $22,785
Annual Per SF $4.41
Operating Expenses
Annual $5,550
Annual Per SF $1.07
Total Expenses
Annual $28,335
Annual Per SF $5.48
Net Operating Income
Annual $45,705
Annual Per SF $8.84

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,168 SF
Building Class
C
Year Built/Renovated
1967/1995
Price
$750,000
Price Per SF
$145
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.15
Lot Size
0.80 AC
Zoning
483 - Commercial C Zoning
Parking
20 Spaces (3.87 Spaces per 1,000 SF Leased)
Frontage
100 FT on Transit Rd

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Storage Space
  • Air Conditioning

Nearby Major Retailers

KeyBank
9round Fitness
Summit Federal Credit Union
Lake Shore Savings Bank
Feel Rite Fresh Markets
Five Guys
Orangetheory Fitness
Wegmans
Starbucks
Hsbc Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
143200-057-090-0006-004-000
Land Assessment
$225,000
Improvements Assessment
$365,000
Total Assessment
$590,000
Annual Taxes
$22,785 ($4.41/SF)
Tax Year
2023
  • Listing ID: 32556230

  • Date on Market: 7/23/2024

  • Last Updated:

  • Address: 5661 Transit Rd, East Amherst, NY 14051

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