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9600 Main St 10,176 SF 64% Leased Office Building Clarence, NY 14031 $1,200,000 ($117.92/SF)
Executive Summary
The real estate ownership, which overlaps with that of the major tenancy, W. J. Cox company, now prefers selling versus leasing this prominent Main Street spot. The property is across the street from Clarence High School, just east of Goodrich Road. W. J. Cox has a lease until June 30, 2028 and will lease back until this date for a purchaser of the whole property. Attached is a spread sheet giving one version of how such a leaseback would work. This property should be especially advantageous for someone needing immediately 4,000 sf, with the 6,000 sf balance being productively rented. The list price for a purchase has just been reduced from $1,500,000 to $1,450,000.
Available immediately for lease or owner-occupancy are two adjoining areas of 1,200 sf and 2,500 sf. The total building of 10,176 sf has paved parking for 60 cars on this lot of 2.13 acres. There is, then, additional land north of the current parking lot for further parking to go with possible building expansion.
Available immediately for lease or owner-occupancy are two adjoining areas of 1,200 sf and 2,500 sf. The total building of 10,176 sf has paved parking for 60 cars on this lot of 2.13 acres. There is, then, additional land north of the current parking lot for further parking to go with possible building expansion.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Office
Building Size
10,176 SF
Building Class
B
Year Built
1977
Price
$1,200,000
Price Per SF
$117.92
Percent Leased
64%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,176 SF
Building FAR
0.11
Lot Size
2.14 AC
Zoning
C - COMMERICIAL
Parking
60 Spaces (5.9 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 143200-071-150-0001-006-000 | Improvements Assessment | $808,000 |
| Land Assessment | $192,000 | Total Assessment | $1,000,000 |
Property Taxes
Parcel Number
143200-071-150-0001-006-000
Land Assessment
$192,000
Improvements Assessment
$808,000
Total Assessment
$1,000,000
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9600 Main St