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    8434 State Route 54 Hammondsport, NY 14840

    For Sale
    $219,995

    High-visibility, two-building commercial property.

    Property size:
    3,480 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property, located at 8434 State Route 54 in Hammondsport, NY, presents a unique investment opportunity. The property boasts a prime location just outside the village, ensuring high visibility and significant traffic volume along State Route 54. The main building, a modern steel structure, offers 2400 square feet of insulated and heated space, perfect for a variety of commercial uses. High overhead doors provide easy access for larger equipment or vehicles. Currently configured as a mechanical building for boat service and repair, this space is adaptable to many other businesses. A second building, totaling 1080 square feet, is currently used for parts storage and general storage, but its flexible layout allows for diverse reconfiguration options to suit a business's specific needs. Both buildings sit on a desirable 0.35-acre lot, a highly sought-after size for commercial ventures in this area. The total square footage across both buildings is 3480 square feet. The asking price for this turnkey commercial property is $219,995. This presents a rare chance to acquire a well-maintained, strategically located commercial property with significant potential for growth and profitability. The property's existing infrastructure and prime location make it an ideal investment for entrepreneurs and businesses seeking a strong foothold in the Hammondsport market.

    Property Features for 8434 State Route 54

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,480 SF
    Lot Size
    15,246 SF

    Building Details

    Year Built
    2019
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hammondsport
    County
    Steuben
    State
    New York
    Longitude
    -77.22892
    Latitude
    42.39824

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility, two-building commercial property.
    Where is this commercial real estate located?
    The property is located at 8434 State Route 54 Hammondsport, NY.
    What is the asking price?
    The asking price for this property is $219,995.
    (607) 569-2020
    Request Owner's contact information
    8434 State Route 54 Hammondsport, NY 14840
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    Hammondsport, NY 14840
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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
    8434 State Route 54 Hammondsport, NY 14840
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