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    7072 Route 16 Franklinville, NY 14737

    For Sale
    $105,000

    Multi-building property, 11.6 acres, high potential.

    Property size:
    2,264 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional commercial property, situated on an expansive 11.6-acre lot in Franklinville, NY, presents a remarkable investment opportunity. The property boasts a diverse range of structures, offering significant versatility and potential for various uses. The main building includes a 1,000 square foot storefront/retail space, ideal for a variety of businesses. Adjacent to the retail space is a substantial 1,150 square foot garage with a loft, providing ample storage or workshop space. A separate 38 x 30 warehouse/storage/workshop building features a single dock, perfect for distribution or manufacturing. Additionally, there are two residential structures on the property: a three-bedroom, one-bathroom house and a four-bedroom, one-bathroom single-family residence. A 50 x 20 garage with a 23 x 26 bay and a 12-foot-high single-car garage door adds further utility. The property utilizes a shared septic system and a spring-fed water source. Located in a rapidly developing area, this property benefits from the proximity to a new $500 million cheese factory currently under construction, projected to create nearly 500 local jobs, promising significant future growth and increased property value. The total square footage of the buildings is 2,264 square feet. This property is priced at $105,000 and offers a unique blend of commercial and residential space with significant upside potential.

    Property Features for 7072 Route 16

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,264 SF
    Lot Size
    505,296 SF

    Building Details

    Year Built
    1945
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Franklinville
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.45973
    Latitude
    42.30945

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    FAQs

    What type of property is this?
    Commercial real estate - Multi-building property, 11.6 acres, high potential.
    Where is this commercial real estate located?
    The property is located at 7072 Route 16 Franklinville, NY.
    What is the asking price?
    The asking price for this property is $105,000.
    (716) 832-4838
    Request Owner's contact information
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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
    7072 Route 16 Franklinville, NY 14737
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