2488 Grand Island Blvd - Storefront Retail/Office FOR SALE


Grand Island, NY 14072
$950,000 USD
716-480-8117
2488 Grand Island Blvd, Grand Island, NY for Sale
$950,000 USD
Storefront Retail/Office - FOR SALE
1/62
null | 10.53% Cap Rate

2488 Grand Island Blvd
Grand Island, NY 14072


OVERVIEW

11% CAP RATE! Centrally located plaza on under 3 acres. (6) units total. 2024 new front parking lot, site work/drainage, and flat roof work. New 30+ car parking lot 2018. New facade and metal mansard roof. Snap Fitness tenant has 2 brand new high efficiency furnaces and 2 new air conditioners, new exterior windows/doors, new rough plumbing for 4 bathrooms, rough electric, insulation and drywall. Dog Bar and Dog Grooming tenants. Warehouse tenant has (1) large heated warehouse space approx. 4,000 sq feet that was 100% freshly painted in 2024 with garage door entrance. Unique place with a lot of opportunity for the savvy investor. Fully occupied, current gross rents are $11,300, no CAM. Rents should be higher!

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

10.53%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1942

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

Commercial

APN/PARCEL ID

144600-024-030-0001-041-000

ASK ABOUT THIS PROPERTY

Shannon McNicholNichol City RealtyMore Info
716-480-8117

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Shannon McNicholNichol City RealtyMore Info
716-480-8117

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