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    16 Main St Forestville, NY 14062

    For Sale
    $68,000

    Mixed-use property with residential and commercial potential on Main Street.

    Lot size:
    0.08 Acres

    Property Features for 16 Main St

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1954

    Source: Realty ONE Group Empower Agent Joel Anders

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

    Overview

    Mixed-Use Property on Main Street

    This mixed-use property features an upstairs apartment currently rented for $950 per month, including water and sewer. The apartment is a 2-bedroom unit that can be converted into a 3-bedroom unit. The lower unit is zoned commercial and suitable for various businesses, or it can be used as a second apartment. The lower unit requires renovation. The property is located on Main Street.
    Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Bar & Pub Veterinary Clinic Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Forestville
    County
    Chautauqua
    State
    New York
    Longitude
    -79.1776334
    Latitude
    42.4681202

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with residential and commercial potential on Main Street.
    Where is this mixed-use property located?
    The property is located at 16 Main St Forestville, NY.
    What is the asking price?
    The asking price for this property is $68,000.
    What are key features of this property?
    This property features: - Upstairs apartment provides immediate rental income of $950/month (includes water/sewer).; - Lower unit's commercial zoning offers diverse business opportunities.; - Prime Main Street location provides high visibility and accessibility.
    (716) 969-6772
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    16 Main St Forestville, NY 14062
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    Forestville, NY 14062
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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
    16 Main St Forestville, NY 14062
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