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    34 South St Belmont, NY 14813

    For Sale
    $244,900

    Massive building, 3.9 acres, prime location.

    Property size:
    103,322 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This expansive commercial property, located at 34 South St in Belmont, NY, presents a unique investment opportunity. The 103,322 square foot building sits on a generous 3.9-acre lot and boasts a rich history as a former elementary and high school. While requiring renovation, much of the original infrastructure remains intact, including an elevator, offering significant cost savings for redevelopment. Current architectural plans exist for conversion into a rehabilitation center or other adaptive reuse projects. The property's versatility allows for a wide range of possibilities, including office space, residential units, a senior citizen facility, community center, health center, or a mixed-use development. The community is actively supportive of development in this area. The building enjoys an ideal location with easy access, ample parking, and proximity to key amenities. It's within walking distance of Main Street, Village Hall, a bank, library, and various stores. The property's scenic setting near Main Street waterfalls, the Genesee River, I-86, and State Route 19 adds to its appeal. The seller is highly motivated, making this an exceptional chance to acquire a substantial property with immense potential. Schedule a viewing today to explore the possibilities.

    Property Features for 34 South St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    103,322 SF
    Lot Size
    169,884 SF

    Building Details

    Year Built
    1928
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Pharmacy Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Belmont
    County
    Allegany
    State
    New York
    Longitude
    -78.03385
    Latitude
    42.22071

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    FAQs

    What type of property is this?
    Commercial real estate - Massive building, 3.9 acres, prime location.
    Where is this commercial real estate located?
    The property is located at 34 South St Belmont, NY.
    What is the asking price?
    The asking price for this property is $244,900.
    (607) 844-9690
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    34 South St Belmont, NY 14813
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    Belmont, NY 14813
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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
    34 South St Belmont, NY 14813
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