Multi-Tenant Retail
3159 Silverback Lane, Painted Post, NY 14870
For Sale
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Established center with national and regional tenants, renewal options, and an available former GameStop suite.
Property Size22,852 SF
Price / SF$131.28
Days on Market102
Property Features for 3159 Silverback Lane
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Occupancy
Investment Type
Additional Details
Asking Price
Building Details
Year Built
Units
Tenancy
Listing Agency:
COR CNY Brokerage Company, LLC
Listed By:
Thomas Aiello · License NY #10401325992
Source:
Crexi
Added: Aug 3
Changed: Nov 10
Last Checked: Nov 12 at 8:17AM
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 COR CNY Brokerage Company, LLC
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Investment Insights
Based on property information with market context.
This multi-tenant retail center at 3159 Silverback Lane is 92% leased and includes Dollar Tree, Shoe Dept., AT&T, and Cost Cutters among its national and regional occupants. Existing leases include remaining terms and multiple five-year renewal options. An available 1,800-square-foot former GameStop suite provides additional leasing space within the property.
The center is positioned in the Corning–Painted Post commercial corridor near Walmart Supercenter, Home Depot, Aldi, hotels, restaurants, and service-oriented retailers. The property includes 182 parking spaces and benefits from visibility and cross-shopping activity within the surrounding retail destination.
The center is positioned in the Corning–Painted Post commercial corridor near Walmart Supercenter, Home Depot, Aldi, hotels, restaurants, and service-oriented retailers. The property includes 182 parking spaces and benefits from visibility and cross-shopping activity within the surrounding retail destination.
Key Highlights
- 92% leased to national and regional tenants, including Dollar Tree, Shoe Dept., AT&T, and Cost Cutters
- Multiple five‑year renewal options are included in existing leases
- Available 1,800‑square‑foot former GameStop suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$220,674
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,413,480
$4.4M
Cap Rate 7%
$3,152,486
$3.2M
Cap Rate 9%
$2,451,933
$2.5M
Market Conditions
NOI Build-Up for 22,852 SF
Gross rent
$329.1K $14.40/SF
− Vacancy
−$13.8K −$0.60/SF
EGI
$315.2K $13.80/SF
− OpEx
−$94.6K −$4.14/SF
NOI
$220.7K $9.66/SF
Area
Steuben County, NY
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,413,480
Cap Rate 7%
$3,152,486
Cap Rate 9%
$2,451,933
Alternative Uses
Best Use
Retail
$3.15M
$2.76M – $3.68M
NOI $220,674 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.57M
$4.87M – $6.50M
NOI $389,968 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
92%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
240k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 36%
Home Improvements & Furnishings 20%
Dining 18%
Shops & Services 8%
Walmart
Superstores
87,571 visits/mo
0.0 miles
The Home Depot
Home Improvements & Furnishings
30,611 visits/mo
0.1 miles
Applebee's
Dining
18,864 visits/mo
0.1 miles
Aldi
Groceries
18,513 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
17,553 visits/mo
0.2 miles
Demographics for 14870, NY
9,648
Population
4,691
Households
2.1
Avg Household Size
44
Median Age
41%
College-Educated
93%
High-School Grad
64.5 sq mi
ZIP Area
150
Density / Sq Mi
$88,514
Median Household Income
$58,864
Median Earnings
$1,128
Median Rent
$164,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Shopping center - Established center with national and regional tenants, renewal options, and an available former GameStop suite.
Where is this shopping center located?
The property is located at 3159 Silverback Lane Painted Post, NY.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 92% leased to national and regional tenants, including Dollar Tree, Shoe Dept., AT&T, and Cost Cutters; Multiple five‑year renewal options are included in existing leases; Available 1,800‑square‑foot former GameStop suite
