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    342 Park Ave South Corning, NY 14830

    For Sale
    $1,873,086

    New construction Dollar General store with attractive cap rate.

    Property size:
    10,640 SF
    Lot size:
    1.61 Acres

    Property Features for 342 Park Ave

    General Information

    Size
    10,640 SF
    Lot size
    1.61 Acres

    Source: Matthews Real Estate Investments Services | New York Agent Cory Rosenthal

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

    Overview

    New Dollar General Store For Sale

    This new construction store, built-to-suit for Dollar General in 2024, is offered for sale. The property features an absolute NNN lease, meaning zero landlord responsibilities, ideal for investors seeking passive income. The tenant will begin paying rent for 15 years following the delivery date. The lease structure includes 5.00% rental increases every 5 years in the primary term and options. Situated on Park Ave, the property benefits from excellent visibility and easy access, exposed to over 8,000 vehicles per day. The surrounding area has over 43,000 residents within a 10-mile radius, with an average household income over $92,000. The property size is 10,640 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    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
    South Corning
    County
    Steuben
    State
    New York
    Longitude
    -77.035587
    Latitude
    42.1306184

    FAQs

    What type of property is this?
    Storefront property - New construction Dollar General store with attractive cap rate.
    Where is this storefront property located?
    The property is located at 342 Park Ave South Corning, NY.
    What is the asking price?
    The asking price for this property is $1,873,086.
    What are key features of this property?
    This property features: - Absolute NNN Lease: Zero landlord responsibilities, offering a completely passive income stream.; - **Attractive 6.85% Cap Rate** on a $1,873,086 list price.; - **New Construction:** Built-to-suit Dollar General store completed in 2024.
    (917) 992-2381
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    342 Park Ave South Corning, NY 14830
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    South Corning, NY 14830
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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
    342 Park Ave South Corning, NY 14830
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