322' +/- frontage with an irregular depth zoned commercial (2.79+/- AC). Excellent corner location for redevelopment of a plaza, gas and convenience store, or a mini plaza. 8 acres to rear of this property is currently under contract with plans to build 50-60 2 story apartment buildings in 2021.
Located 0.5 mile North of Millersport Highway in the town of Amherst. Excellent visibility, high traffic volume, over 30,000 cars daily. Development in the area consists of retail outlets, automobile dealerships, restaurants, hotels, gasoline service stations, banks, apartments, office buildings, and residences. Northwest corner of Transit Road and Tonawanda Creek Road. Some of these businesses include New York Beer Project Bar and Restaurant, and Dollar General. Newly expanded and remodeled Niagara Produce Grocery Market across Transit Road and the Northwest Corner of Transit Road and Tonawanda Creek Road.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
