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26 W Spring St 11,140 SF Office Building Amherst, NY 14221 $1,095,000 ($98.29/SF)
Investment Highlights
- 11,140 SF existing Building
- Eight (8) units:• (6) townhome style and two (2) apartment style.
- • 10-year PILOT
- Fully designed & approved multi-family conversion
- Amherst IDA inducement in place:
- • Sales and mortgage tax exemption.
Executive Summary
Cost-Effective Office Space
or Multi-Family Conversion
Opportunity
Multi-Family conversion fully designed
and approved:
• Eight (8) units:
• (6) townhome style
• (2) apartment style.
• Amherst IDA inducement in place:
• 10-year PILOT
• Sales & mortgage tax exemption.
or Multi-Family Conversion
Opportunity
Multi-Family conversion fully designed
and approved:
• Eight (8) units:
• (6) townhome style
• (2) apartment style.
• Amherst IDA inducement in place:
• 10-year PILOT
• Sales & mortgage tax exemption.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
11,140 SF
Building Class
C
Year Built/Renovated
1976/1996
Price
$1,095,000
Price Per SF
$98.29
Tenancy
Single
Building Height
1 Story
Typical Floor Size
11,140 SF
Building FAR
0.45
Lot Size
0.57 AC
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 142201-080-080-0001-008-100 | Improvements Assessment | $852,000 |
| Land Assessment | $148,000 | Total Assessment | $1,000,000 |
Property Taxes
Parcel Number
142201-080-080-0001-008-100
Land Assessment
$148,000
Improvements Assessment
$852,000
Total Assessment
$1,000,000
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26 W Spring St