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    7424 Route 16 Franklinville, NY 14737

    Sponsored
    For Sale
    $299,900

    Established Business, 3.8 Acres, High Revenue

    Property size:
    3,120 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional Franklinville, NY, mixed-use property presents a rare opportunity for a savvy investor. Established in 1982, the highly successful Civic Auto Sales and Service boasts annual gross sales exceeding $2,000,000. The sale includes two parcels totaling 3.801 acres, providing ample space for the existing 3,120 square foot commercial building, a substantial outdoor lot capable of holding 30-40 vehicles, and a separate 2,700 cubic foot storage unit. A three-bedroom income property is also included, adding to the investment potential. The business benefits from a loyal customer base and excellent location. The property features a private septic system and water well, ensuring self-sufficiency. Heating is provided by forced air and an Energy Logic waste oil furnace, offering cost-effective operation. Some equipment may remain with the sale. The current owner is offering transition support, staying on for up to two months to facilitate a smooth transfer. This turnkey operation is ready for a new owner to continue its legacy of success.

    Property Features for 7424 Route 16

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,120 SF
    Lot Size
    165,528 SF

    Building Details

    Year Built
    1965
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    Franklinville
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.46062
    Latitude
    42.32613

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    FAQs

    What type of property is this?
    Mixed-use property - Established Business, 3.8 Acres, High Revenue
    Where is this mixed-use property located?
    The property is located at 7424 Route 16 Franklinville, NY.
    What is the asking price?
    The asking price for this property is $299,900.
    (716) 372-2234
    Request Owner's contact information
    7424 Route 16 Franklinville, NY 14737
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    Franklinville, NY 14737
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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
    7424 Route 16 Franklinville, NY 14737
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