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- LoopNet Team
837 Bailey Ave
Buffalo, NY 14206
8.0 Acre Lot w Brownfield Cleanup Tax Credits · Land For Sale
·
8.00 AC
INVESTMENT HIGHLIGHTS
- 10.5 acre vacant lot available on Bailey Avenue, near the corner at Dingens Street.
- Buyer will receive 18% tax credit transfer for any investment in building and equipment and will be in effect for ten years.
- Less than 7 miles from Peace Bridge
- Less than one mile from the New York State Thruway 190 - Dingens Street ramp.
- Track 4 (Commercial) Clean up completed.
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 8.00 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Commercial | ||
| Zoning | LI - Light Industrial | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 8.00 AC |
| No. Stories | 1 |
| Zoning | LI - Light Industrial |
DESCRIPTION
10.5 acre vacant lot on Bailey Avenue, near corner at Dingens Street in Buffalo. Less than 1 mile from the New York State Thruway – Dingens St ramp. Less than 7 miles from Peace Bridge. This property was accepted into the NYS Brownfield Cleanup Program (NYSBCP) in February of 2016 & has completed a Track 4 (commercial) clean-up level and has been issued a Certificate of Completion. BUYER TO RECEIVE Brownfield Tax Credit (10 M example) Summary: Site Preparation & Remediation (%) $ 313,500 Tangible Property (%) $ 810,000 Real Property Tax (%) $ 0 Environmental Insurance (%) $ 25,000 Total $ 1,148,500
PROPERTY TAXES
| Parcel Number | 140200-112-800-0001-012-100 | Improvements Assessment | $0 |
| Land Assessment | $550,000 | Total Assessment | $550,000 |
PROPERTY TAXES
