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    126 W Main St Allegany, NY 14706

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    For Sale
    $899,900

    New construction near St. Bonaventure with bar/patio potential.

    Property Features for 126 W Main St

    General Information

    Zoning
    Commercial

    Source: Rick Recckio Agent Rick Recckio

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

    Overview

    New Allegany Building with Bar

    This newly constructed building offers approximately 11,250 square feet, with around 5,600 square feet on each floor. The building's design allows for flexible floor plan customization to meet various needs. High-quality improvements are evident throughout the facility. Mechanical features include three large HVAC units, 3-phase electric, and a sprinkler system. Plumbing, electrical systems, rooms, and windows are roughed in. Most rooms feature floor-to-ceiling glass front walls. All bathroom fixtures are included and ready for installation and finishing. The roof is designed to accommodate a bar and patio. Located on the corner of Main Street and N. 2nd Street, the property is in the heart of Allegany, New York, and is minutes from St. Bonaventure University and downtown Olean. The property also features a newly paved parking lot with 30+ spaces.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center

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

    Similar Places Nearby

    Other Place, The Hickey Tavern, Burton Tavern

    Location Insight

    • Map
    • Local Demand
    City
    Allegany
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.4974952
    Latitude
    42.0927944

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    FAQs

    What type of property is this?
    Bar - New construction near St. Bonaventure with bar/patio potential.
    Where is this bar located?
    The property is located at 126 W Main St Allegany, NY.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: - Newly constructed 11,250 SF building with flexible floor plan options.; - Prime corner location in the heart of Allegany, NY, minutes from St. Bonaventure University and Downtown Olean.; - Top-quality construction with high-end finishes throughout.
    (716) 998-4422
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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
    126 W Main St Allegany, NY 14706
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