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12189 Ny-16 Chaffee, NY

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For Sale
$2,119,340

115,872 SF shopping center with value-add potential.

Property size:
115,872 SF
Lot size:
18.44 Acres

Property Features for 12189 Ny-16

General Information

Size
115,872 SF
Lot size
18.44 Acres

Source: Sands Investment Group (SIG) - Corporate Agent Claire Brazzel

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Yorkshire Shopping Center Value-Add Opportunity

The Yorkshire Shopping Center, located at 12189 NY-16 in Chaffee, NY, offers a value-add opportunity. The property has a total area of 115,872 square feet. Currently 42% leased, the center provides immediate yield with substantial value-creation potential through lease-up. The property is offered below replacement cost at $18 per square foot. Several tenants have operated at the center for decades, demonstrating long-term occupancy and location loyalty, indicating strong retail demand in the immediate trade area. The center features a tenant mix including Dollar General, Save-A-Lot, Five Star Bank, and Valu Hardware. Vacant units have varying sizes, offering flexibility to accommodate a wide range of tenant types and leasing strategies.
Location Intelligence

Current Use by Public Records

Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Chaffee
County
Erie
State
New York
Longitude
-78.5032
Latitude
42.5746

FAQs

What type of property is this?
Shopping center - 115,872 SF shopping center with value-add potential.
Where is this shopping center located?
The property is located at 12189 Ny-16 Chaffee, NY.
What is the asking price?
The asking price for this property is $2,119,340.
What are key features of this property?
This property features: - Value-Add Opportunity: 42% Leased, providing immediate yield and substantial value-creation through lease-up.; - Acquire at Below Replacement Cost: Just $18 Per Square Foot.; - Established National and Regional Tenants: Includes Dollar General, Save-A-Lot, Five Star Bank, and Valu Hardware.
More about this property
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