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    282 Main St Arcade, NY 14009

    Sponsored
    For Sale
    $99,000

    High-yield, two-unit commercial building.

    Property size:
    1,768 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a fully leased, 1,768-square-foot commercial building situated at 282 Main Street in the vibrant Village of Arcade, New York. The property boasts a prime location directly adjacent to the historic Arcade and Attica Railroad, ensuring high visibility and significant foot traffic from train passengers. Currently generating a stable monthly rental income of $1,200, this two-unit building offers a compelling return on investment. Tenants are responsible for all utilities except water and sewer, minimizing landlord responsibilities. A convenient walk-up window adds to the property's appeal, making it particularly suitable for retail or service-oriented businesses seeking high pedestrian traffic. The 0.04-acre lot provides ample space for the building and potential future expansion. This property is ideal for investors seeking a consistent income stream or entrepreneurs looking to establish a business in a high-traffic location. The building's strong rental history and prime location combine to create a truly exceptional investment opportunity in the heart of Arcade. Don't miss this chance to acquire a well-maintained, income-producing property with significant growth potential.

    Property Features for 282 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,768 SF
    Lot Size
    1,742 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    The Indian Bistro Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arcade
    County
    Wyoming
    State
    New York
    Longitude
    -78.42406
    Latitude
    42.53379

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield, two-unit commercial building.
    Where is this commercial real estate located?
    The property is located at 282 Main St Arcade, NY.
    What is the asking price?
    The asking price for this property is $99,000.
    (716) 655-1655
    Request Owner's contact information
    282 Main St Arcade, NY 14009
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    Arcade, NY 14009
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    282 Main St Arcade, NY 14009
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