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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

    Nearby Similar for Sale

    • $110,000

      Water Works Business Opportunity

      Water works business serving approximately 110 customers for sale.
      13449 Grove St, Chaffee, NY 14030
      View Details
    • Contact for pricing
      2,250 SF

      Yorkshire Plaza Retail Space

      High-traffic, vacant restaurant space.
      12189 Ny-16, Chaffee, NY 14030
      View Details

    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.
    (844) 474-4666
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    12189 Ny-16 Chaffee, NY
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    Chaffee, NY
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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
    12189 Ny-16 Chaffee, NY
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