Automotive Shop with Vehicle
For Sale
$249,900
278 W Main St, Fredonia, NY 14063
Automotive facility with office space, service access, paved parking, and an included automobile lift.
Property Size1,344 SF
Lot Size0.26 Acres
Price / SF$185.94
Days on Market51
Property Features for 278 W Main St
General Information
Standard status
Active
Size
1,344 SF
Lot size
0.26 Acres
Property subtype
Commercial
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,832
Amenities
finished office space
restroom
overhead door
circuit breakers
propane heat
Building Details
Building Size
1,344 SF
Buildings
1
Stories
1
Abandoned
No
Listing Agency:
Howard Hanna Holt - Fredonia
Listed By:
Anne LaPaglia · License #30LA0737178
(716) 673-5186
Source:
Elliman
Added: Sep 7
Changed: Oct 26
Last Checked: Oct 26 at 6:20PM
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 Howard Hanna Holt - Fredonia
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Investment Insights
Based on property information with market context.
This automotive shop occupies a 28' x 48' commercial building with finished office space, a restroom, an overhead door, circuit breakers, and propane heat. An automobile lift is included with the property; additional tools and the frame machine are negotiable. The building has a metal-sided exterior and a roof approximately 10 years old.
The improvements sit on a 68' x 167' corner lot with plenty of paved parking for customer and vehicle access. The property is currently operating as an automobile collision and paint shop, with building features suited to automotive service and related commercial uses.
The improvements sit on a 68' x 167' corner lot with plenty of paved parking for customer and vehicle access. The property is currently operating as an automobile collision and paint shop, with building features suited to automotive service and related commercial uses.
Key Highlights
- 28' x 48' commercial building on a 68' x 167' corner lot
- Automobile lift included with the property
- Finished office space and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,494
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,880
$329.9K
Cap Rate 7%
$235,629
$235.6K
Cap Rate 9%
$183,267
$183.3K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$24.2K $18.00/SF
− Vacancy
−$629 −$0.47/SF
EGI
$23.6K $17.53/SF
− OpEx
−$7.1K −$5.26/SF
NOI
$16.5K $12.27/SF
Area
Chautauqua County, NY
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,880
Cap Rate 7%
$235,629
Cap Rate 9%
$183,267
Alternative Uses
Best Use
Retail
$235.6K
$206.2K – $274.9K
NOI $16,494 @ 7.0% cap · market cap 6.60%
Second Best
Industrial
$118.7K
$103.9K – $138.5K
NOI $8,312 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$402.3K
$352.0K – $469.3K
NOI $28,159 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 14063, NY
13,028
Population
5,861
Households
2.2
Avg Household Size
34
Median Age
40%
College-Educated
95%
High-School Grad
50.9 sq mi
ZIP Area
256
Density / Sq Mi
$55,629
Median Household Income
$27,358
Median Earnings
$852
Median Rent
$178,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Nyce & Clean Auto Detailing — 276 W Main St Unit #4, Fredonia, NY 14063
- R D Fisk Precision Collision — 276 W Main St, Fredonia, NY 14063
- Slate's Fredonia Services — 124 W Main St, Fredonia, NY 14063
- Madenford Spring & Auto — 80 Water St, Fredonia, NY 14063
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive facility with office space, service access, paved parking, and an included automobile lift.
Where is this auto shop located?
The property is located at 278 W Main St Fredonia, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 28' x 48' commercial building on a 68' x 167' corner lot; Automobile lift included with the property; Finished office space and restroom
