3505 Amelia DrOrchard Park, NY 14127

Property Details for 3505 Amelia Dr

Year built

2008

Lot size

1.48 AC

Property size (Sq ft)

6,375 SF

Zone code

B2

Property type

Retail properties

Property subtype

Community centers

APN

146089 152.18-1-9.12

APU

146089152181912

Description

This exceptional fee-simple retail property, located at 3505 Amelia Drive in Orchard Park, NY, presents a compelling investment opportunity. The 6,245 square foot building sits on a 1.48-acre lot and boasts a 100% occupancy rate with three established tenants: AT&T, Subway, and Yoga Six. Built in 2008, the property benefits from a strong tenant mix, providing diverse and stable income streams. Annual rent bumps are in place, as detailed in the rent schedule. The property enjoys excellent visibility on a major thoroughfare (Rt 179, Milestrip Rd), situated within a high-traffic retail corridor and affluent trade area. The current Net Operating Income (NOI) is $183,172, yielding an attractive 7.00% capitalization rate. Long-term tenant commitments are secured, including a recent seven-year renewal by AT&T. This property offers a compelling combination of strong cash flow, stable tenancy, and significant upside potential, making it an ideal addition to any investment portfolio. The asking price is $2,617,000. The property is offered as a gross lease with fee simple ownership. Operating expense collection is in place.

• CAP approach

  CAP return

  Valuation

  6%

  $1,699,979

  6.5%

  $1,569,211

  7%

  $1,457,125

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,536,943

  Geo Method

  $1,010,649

• Alternative Use

  Use

  Valuation

  Residential

  $1,323,688

  Hospitality

  $1,212,491

  Educational

  $1,008,779

  Medical

  $1,043,472

  Retail

  $1,569,211

Location Insight

City

Orchard Park

County

Erie

State

New York

Latitude

42.7899

Longitude

-78.7811

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].