|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.
3 acres of vacant land on Transit Road in Elma, NY. This property has 225' of frontage on Transit Road. Frontage is on the 5-lane, high traffic volume, Transit Road, with excellent exposure and easy access. This listing presents a great development opportunity because Lancaster is one of Metro Buffalo's fastest growing suburbs. It 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.