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Thomas (Tom) Mazzone

tmazzone@mlsnationrealty.com +1(716) 310-3102

$4,999,900

Est. payment - /mo

65,000 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 65,000 sqft

Price per Sqft $76

Subdivision Island

MLS Listing ID B1716359

Construction Status Existing

HOA Y/N No

Year Built 1961

Annual Tax Amount $73,789

Lot Size 74.830 Acres

Acres 74.83

Lot Dimensions 1121X0

Property Sub-Type Commercial

Property Description

A landmark destination since 1961, the former Fantasy Island property presents a rare opportunity for a visionary investor or developer. Spanning 80 acres of versatile land zoned Central Business District (CBD), this prime site is fully equipped to resume its tradition as a beloved regional amusement park or undergo a dramatic redevelopment into mixed-use housing, retail, dynamic hospitality, or novel entertainment ventures(with town approval). Positioned directly off I-190, the location delivers exceptional visibility and effortless transit access for travelers moving between Buffalo, Niagara Falls, Rochester, and the Canadian border. The property comes fully loaded with robust infrastructure and decades of goodwill. The grounds feature over 50 existing structures—including administrative offices, warehouses, performance stages, rest areas, and fully functional restaurants outfitted with extensive new equipment along with concession kiosks distributed across the grounds. On site utility capacity is backed by five sub-transformers, including two newly installed units, while a high capacity parking lot easily accommodates 900 vehicles across multiple driveways designed for smooth traffic flow. Continuous capital investments and ongoing property maintenance ensure the site is ready for rapid deployment. For operators looking to leverage existing amusement assets, the sale includes about 50 existing rides(some need parts) highlighted by the legendary Silver Comet wooden coaster, a dedicated water park, Kiddie Land, and the iconic Western Town entertainment district. The Equipment/Ride list, official site maps and zoning info are available upon inquiry to support immediate site planning.

Location

State NY

County Erie

Community Island

Area Grand Island-144600

Zoning CBD

Direction GPS

Interior

Heating Gas, Other, See Remarks

Cooling Other, See Remarks, Central Air

Inclusions Equipment, Land and Building

Fireplace No

Exterior

Utilities Available Sewer Connected, Water Connected

Roof Type Asphalt,Metal,Other,See Remarks

Total Parking Spaces 823

Building

Lot Description Irregular Lot

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Other

Construction Status Existing

Schools

School District Grand Island

Others

Tax ID 144600-036-000-0001-019-210

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

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Listed by HUNT Commercial Real Estate Corp. of Buffalo New York 716-854-5943

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2400 Grand Island BLVD Grand Island, NY 14072