|Price/Rent PSF||$ 349,900.00|
Property is located on Transit Road and surrounded by many new developments and businesses. There is a major multi-tenant anchored shopping plaza just north of the property that draws from surrounding areas. Property is located on Transit Road and surrounded by many new developments and businesses. That has a draw from 1/2 mile North of 400 Expressway from surrounding areas. Close to Walmart Super Center, several national restaurants, banks, Tops Super Market, Wegmans, Rite Aid, Aldi Foods, and many more.
3 acres of vacant land on Transit Road in Elma, NY. This property has 225' of frontage on Transit Road and depth of 543'. Frontage is on the 5-lane, high traffic volume. Excellent exposure and easy access. This property is a great development opportunity since Lancaster is one of Metro Buffalo's fastest growing suburbs, which grew by 25% between 1990 and 2000, and is expected to grow at a rate of 9% over the next 25 years. This growth is part of a larger trend of growth in the suburbs to the east of downtown Buffalo as significant tracks of former farm land are converted to upscale, single family, housing developments. This trend is expected to continue as more housing developments are completed along with the growth of infill commercial properties.