FORMER Rite Aid 8530 Transit Rd 13,824 SF Retail Building Amherst, NY 14221 $3,048,000 ($220.49/SF)

Rite Aid Corporation filed bankruptcy for the second time in May 2025. Historically a highly successful store, the company operated at this location for over 20 years, having previously extended the lease early. The company wrapped up operations in July and the property is now available for re-tenanting or redevelopment.
The property is located at 8530 Transit Road, Amherst in Erie County, New York. The town of Amherst is the highest-populated town in western New York and is a component of the broader Buffalo MSA (MSA population: 1.13M). Amherst is only 15 miles (24 minutes) from the city of Buffalo, NY, the second largest city in the state of New York and the largest city in Western New York. Amherst is less than a 6-hour drive from New York City, and less than a 2-hour drive from Toronto. The average household income in the one (1) mile demographic ring is an affluent $150,643, which is higher than the New York state average of $102,101. There are 120,344 residents located in the five (5) mile demographic ring. Situated in a busy retail corridor, surrounded by significant big box retail. Nearby stores include Target, Kohl’s, Wegman’s, Lowe’s, HomeGoods, BJ’s Warehouse Club, Dick’s Sporting Goods, Walmart Supercenter, Marshalls and many others. The property is on the hard-signalized corner of Transit Road & Klein Road, which report strong combined traffic counts of 50,378 cars per day. Buffalo Niagara International Airport, the largest airport by passenger traffic in Upstate New York is just 5 miles (12 minutes) away.
BROKER OF RECORD: ANDREW KNIGHT, NECB, INC., 860.648.1600, necbinc@gmail.com