Signalized Corner Auto
502-508 Ellicott St Batavia, NY
For Sale
Contact for pricing
Car repair shop with warehouse and high visibility.
Property Size2,088 SF
Lot Size0.28 Acres
Price / SF$203.50
Days on Market862
Property Features for 502-508 Ellicott St
General Information
- Standard status
- Active
- Size
- 2,088 SF
- Lot size
- 0.28 Acres
- Property subtype
- RETAIL
Listing Agency:
Hunt Commercial - Buffalo
(716) 864-1929
Listed By:
Nicholas Corto
(716) 864-1929
Source:
Moodyscre
Added: Mar 14, 2024
Changed: Jul 10
Last Checked: Jul 21 at 6:21AM
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 Hunt Commercial - Buffalo
Investment Insights
Based on property information with market context.
This property features a car repair shop and warehouse suitable for additional storage. It includes lifts and is considered a suitable investment property. The current tenant is operating and wishes to stay. The property has high visibility with 4 bays, a reception area, and ample parking spaces, making it suitable for used cars or other retail uses. The site is a prime signalized corner location with dimensions of 145x260, and includes 3 parcels: 5 Clifton and 5-7-9 Clifton. The property size is 2088 square feet.
Key Highlights
- Prime signalized corner location with high visibility.
- Includes car repair bays and warehouse space for storage.
- Four bay garage with reception area and ample parking.
Financial Insights For 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 | $31.3k | $15.00 |
| − Vacancy | −$1.3k | −$0.63 |
| EGI | $30.0k | $14.37 |
| − OpEx | −$9.0k | −$4.31 |
| NOI | $21.0k | $10.06 |
2,088 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.60M
$1.40M – $1.86M
NOI $111,725 @ 7.0% cap · market cap 26.29%
Second Best
Retail
$300.0K
$262.5K – $350.1K
NOI $21,003 @ 7.0% cap · market cap 4.94%
Theoretical Best
Warehouse
$1.94M
$1.70M – $2.26M
NOI $135,666 @ 7.0% cap · market cap 31.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- Jays Automotive and Detailing — 667 Ellicott St #4a, Batavia, NY 14020
- Genesee Auto Body — 659 Ellicott St, Batavia, NY 14020
- Zirbel's Automotive — 149 hutchins st, batavia, ny 14020
- AM Performance — 103 Lehigh Ave, Batavia, NY 14020
- Mogavero’s Automotive — 149 Hutchins St, Batavia, NY 14020
FAQs
What type of property is this?
Auto shop - Car repair shop with warehouse and high visibility.
Where is this auto shop located?
The property is located at 502-508 Ellicott St Batavia, NY.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Prime signalized corner location with high visibility.; Includes car repair bays and warehouse space for storage.; Four bay garage with reception area and ample parking.
