The Kadimah School, a private school geared towards a Jewish education, has put its property up for sale as it begins to look for a new location.
Kadimah has retained Vito Picone, McGuire Development Co.'s director of business development, to sell the five-acre Eggert Road campus that includes a 32,907-square-foot school and adjoining playing fields. Kadimah has set the asking price at $3.75 million.
Joel Weiss, Kadimah principal, said the decision to sell the property as the school is facing a dwindling enrollment. The decision to sell the property has been under review of Kadimah's upper management and trustees for a while, Weiss said.
"We are not closing," Weiss said. "We just need a smaller school."
Kadimah has been at its Eggert Road site for slightly less than one decade. It has previously been in the Town of Tonawanda and North Buffalo during the course of its 52-year history.
Picone noted the building has received more than $5 million in renovations since Kadimah took it over.
"This property makes for an excellent existing or re-use opportunity," Picone said. "What makes this site so unique is that it's difficult to find a property of this type in Amherst that offers such desirable square footage, acreage and an overall excellent condition."
Picone said a handful of tours have already taken place.
"People are doing their due diligence," Picone said.
Weiss said Kadimah has started its own real estate search, but, at this point is just looking at options until a firm offer is made on their building.
"We can't do anything without a serious buyer," he said. "In the meantime, we are looking for that perfect location."
Weiss said Kadimah is not bound by any geographic borders or boundaries.
"We could move anywhere," he said.
Kadimah has 95 students in its pre-kindergarten through eighth grade classes. The school charges as little as $1,895 for some of its pre-kindergarten to $13,785 for its middle school students. The school offers standard a standard educational curriculum along with classes that focus on Jewish history, culture and heritage.
Kadimah's student population, at one time, was more than 130 students.
"It's been higher. It's been lower," Weiss said. "Unfortunately we are a victim of a shrinking local population and a shrinking local Jewish population."