Batavia Retail Property for
259 W Main St Batavia, NY
For Sale
Contact for pricing
Freestanding retail property with high visibility and strong tenant.
Property Size11,945 SF
Lot Size1.44 Acres
Price / SF$419.84
Days on Market1115
Property Features for 259 W Main St
General Information
- Standard status
- Active
- Size
- 11,945 SF
- Lot size
- 1.44 Acres
- Property subtype
- RETAIL
Listing Agency:
SRS Real Estate Partners | McLean
(202) 286-1542
Listed By:
Andrew Fallon
(202) 286-1542
Source:
Moodyscre
Added: Jul 5, 2023
Changed: Jul 6
Last Checked: Jul 21 at 6:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | McLean
Investment Insights
Based on property information with market context.
The property is strategically located at the signalized corner of West Main Street and South Lyon Street, with a daily average of 33,900 vehicles. It is situated one mile from Towne Center, a shopping mall with over 390,000 square feet of rentable area anchored by retailers such as Target, Marshalls, and DICK’s. The surrounding area is supported by national tenants including Save A Lot, Wendy’s, Dunkin’, and Burger King. The property benefits from excellent visibility and multiple access points. The trade area is supported by over 23,000 residents and 14,000 employees, with an average household income of $79,060. The property is a freestanding store and the only one within a nearly 20-mile radius. The next closest stores are in Brockport (18.6 miles) and Rochester (23.4 miles). The tenant pays for CAM, taxes, insurance, and maintains all aspects of the premises, offering a management-free investment opportunity. The lease includes 5% rental increases at the beginning of each option, increasing net operating income and hedging against inflation. The property size is 11,945 square feet.
Key Highlights
- Located at a high‑traffic intersection (33,900 VPD) with excellent visibility and multiple access points.
- The only free‑standing CVS within a 20‑mile radius.
- Located near a large shopping mall (Towne Center) anchored by major retailers (Target, Marshalls, DICK’s).
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $215.0k | $18.00 |
| − Vacancy | −$9.0k | −$0.76 |
| EGI | $206.0k | $17.24 |
| − OpEx | −$51.5k | −$4.31 |
| NOI | $154.5k | $12.93 |
11,945 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.21M
$1.93M – $2.57M
NOI $154,485 @ 7.0% cap · market cap 3.08%
Second Best
Retail
$1.72M
$1.50M – $2.00M
NOI $120,155 @ 7.0% cap · market cap 2.40%
Theoretical Best
Warehouse
$11.09M
$9.70M – $12.94M
NOI $776,114 @ 7.0% cap · market cap 15.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
CVS
Pharmacy
Buy Bitcoin
Crypto Atm
UPS Access Point ...
Courier Service
CDReload Instant Bitcoin
Crypto Atm
MoneyGram
Bank
Similar Off Market Nearby
- Diana L. Zybczynski, RPH — The Gluck Building, Batavia, NY 14020
- Jacqueline S. Oetinger, RPH — The Gluck Building, Batavia, NY 14020
- Teresa M. Tobolski, PharmD — The Gluck Building, Batavia, NY 14020
- Meagan Stringham — 81 Main St, Batavia, NY 140202149
- Colleen Schwartzmeyer — 81 Main St, Batavia, NY 140202149
FAQs
What type of property is this?
Drug store - Freestanding retail property with high visibility and strong tenant.
Where is this drug store located?
The property is located at 259 W Main St Batavia, NY.
What is the asking price?
The asking price for this property is $5,015,000.
What are key features of this property?
This property features: Located at a **high‑traffic intersection (33,900 VPD)** with excellent visibility and multiple access points.; The only free‑standing CVS within a 20‑mile radius.; Located near a large shopping mall (Towne Center) anchored by major retailers (Target, Marshalls, DICK’s).
