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Multi-Tenant Property 5661 Transit Rd

5,168 SF Retail Building East Amherst, NY 14051 £586,838 (£114/SF) 5.68% Net Initial Yield

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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.

5661 Transit flyer

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£57,933	£11.21
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£57,933	£11.21
Taxes	£17,828	£3.45
Operating Expenses	£4,343	£0.84
Total Expenses	£22,171	£4.29
Net Operating Income	£35,762	£6.92

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£57,933
Annual Per SF	£11.21

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£57,933
Annual Per SF	£11.21

Taxes
Annual	£17,828
Annual Per SF	£3.45

Operating Expenses
Annual	£4,343
Annual Per SF	£0.84

Total Expenses
Annual	£22,171
Annual Per SF	£4.29

Net Operating Income
Annual	£35,762
Annual Per SF	£6.92

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Freestanding

Building Size

5,168 SF

Building Class

Year Built/Renovated

1967/1995

Price

£586,838

Price Per SF

£114

Net Initial Yield

5.68%

NOI

£33,322

Tenancy

Multiple

Number of Floors

Building FAR

0.15

Land Acres

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 Route
Dedicated Turn Lane

Pylon Sign
Signage

Storage Space

Air Conditioning

PROPERTY TAXES

Parcel Number	143200-057-090-0006-004-000	Total Assessment	£461,646
Land Assessment	£176,051	Annual Taxes	£17,828 (£3.45/sf)
Improvements Assessment	£285,594	Tax Year	2023