932 French Rd - Office FOR SALE


Cheektowaga, NY 14227
$549,900 USD
716-864-1929
932 French Rd, Cheektowaga, NY for Sale
$549,900 USD
Office - FOR SALE
1/6
null | Request Cap Rate

932 French Rd
Cheektowaga, NY 14227


HIGHLIGHTS

  • Heavy Traffic Area
  • Multiple Long Term Tenants
  • 2 Buildings, 8 suites total
  • Tons of Parking
  • Additional Green Space

OVERVIEW

Exceptional Value-Add Development Opportunity for Multifamily Housing in High Demand Cheektowaga! 1.2 Acre Site ripe for value-add development. Opportunity to construct medium density multifamily units across an expensive site (estimate of 36-40 units, pending approvals). The site currently has two 2 story professional office buildings totaling 10,392 FT with 8 total suites. 3 long-term tenants which offer cash flow to time the development to the new owner's desire. Alternatively, an ideal site for a business seeking a prime location in rear building with flexibility to suit their needs. Each suite offers professional finishes and adaptable layouts ideal for chiropractor, attorney, financial services, health care, medical, or service-based operations. Currently 60+ parking spaces, easy accessibility, and strong visibility make this an ideal choice for a developer looking to optimize the site to address high demand for housing, or simply to service an existing business seeking office space with significant parking requirements.

FOR SALE DETAILS

PRICE

$549,900 USD

PRICE/SF

$106 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Building B

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

05C

APN/PARCEL ID

143089-125-110-0005-011-000

ASK ABOUT THIS PROPERTY

Nick CortoHunt Commercial Real EstateMore Info
716-864-1929

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Nick CortoHunt Commercial Real EstateMore Info
716-864-1929

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.