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24 Park Dr Hornell, NY 14843

Sponsored
For Sale
$385,000

Turnkey Investment: Diverse Income Streams

Property size:
5,270 SF

Description

Added:
Feb 3, 2025
Days on Market:
340
This exceptional commercial property at 24 Park Dr, Hornell, NY, presents a remarkable turnkey investment opportunity. Spanning 5,270 square feet on a 0.82-acre lot, this property boasts multiple income streams, ensuring a robust return on investment. Currently, the building houses a diverse tenant mix including a church, a cleaning company, a hair salon, and two media companies, all operating under existing leases. A significant revenue generator is the on-site coin-operated car wash, complete with industrial-grade vacuum systems. Further income potential exists through a rentable garage/storage unit, offering additional revenue streams and flexibility for future expansion. The property's prime location in Hornell, NY, ensures high visibility and consistent traffic flow, benefiting from its proximity to other businesses and residential areas. The well-maintained condition of the building minimizes upfront capital expenditure, allowing for immediate returns. This is an ideal opportunity for investors seeking a diversified, established, and profitable commercial venture with minimal operational overhead. The asking price is $385,000. This property offers a unique blend of established tenants and additional income-generating assets, making it an attractive proposition for both seasoned and new investors. The current occupancy rate ensures immediate cash flow, minimizing the risk associated with vacant properties. The combination of diverse tenants and the car wash operation provides a resilient income stream, mitigating the impact of potential fluctuations in any single sector.

Property Features for 24 Park Dr

General Information

Property type
Other commercial real estate
Square Feet
5,270 SF
Lot Size
35,719 SF

Building Details

Year Built
1988

Location Intelligence

Current Use by Public Records

Lynn Brennan Photography Photographer K & A Hair Studio Beauty Salon Park Drive Car ... Self Service Car Wash

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Hornell
County
Steuben
State
New York
Longitude
-77.65633
Latitude
42.31778

FAQs

What type of property is this?
Commercial real estate - Turnkey Investment: Diverse Income Streams
Where is this commercial real estate located?
The property is located at 24 Park Dr Hornell, NY.
What is the asking price?
The asking price for this property is $385,000.
More about this property
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