$210,000
$239,900
12.5%For more information regarding the value of a property, please contact us for a free consultation.
2,150 SqFt
SOLD DATE : 12/05/2025
Key Details
Sold Price $210,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,150 sqft
Price per Sqft $97
MLS Listing ID R1612924
Sold Date 12/05/25
Construction Status Existing
HOA Y/N No
Year Built 1950
Annual Tax Amount $5,772
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 130X105
Property Description
Prime Commercial Property with Stable Long-Term Tenant Opportunity. This 2,150 sq. ft. commercial property offers an incredible investment opportunity with an 8% cap rate and a reliable tenant already in place. Located on a high-visibility street with a daily traffic count of 16,835, this property is perfectly positioned to capture consistent foot and vehicle traffic. Currently occupied by the building owner, who wishes to sell and lease back, this property ensures a stable and hassle-free income stream. The building owner is prepared to sign a Triple Net (NNN) Lease at $1,750 per month. Flexible lease options are available, including a 10-year lease or a 5-year lease with two additional 5-year renewal options, providing versatility and long-term stability for potential investors. Recent upgrades add to the building's appeal, with a new heating system installed just 1.5 years ago, ensuring efficient climate control and reducing maintenance concerns. This property combines excellent visibility, predictable returns, and a strong commercial presence. Don't miss out on this rare opportunity to secure a long-term tenant with favorable lease terms in a high-traffic location.
Location
State NY
County Erie
Area Depew Village-Cheektowaga-143003
Zoning Market
Interior
Heating Heat Pump, Other, See Remarks, Zoned
Cooling Heat Pump, Zoned
Flooring Concrete, Linoleum, Vinyl
Fireplace No
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Other,See Remarks
Total Parking Spaces 9
Building
Lot Description Irregular Lot
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block
Construction Status Existing
Schools
School District Depew
Others
Tax ID 143003-104-690-0003-014-100
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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