Storefront Commercial
For Sale
Contact for pricing
Pending
34 W Main Street, Falconer, NY 14733
The space can accommodate storefront or restaurant use and is offered with a minimum one-year lease term.
Property Size1,500 SF
Days on Market35
Property Features for 34 W Main Street
General Information
Standard status
Pending
Size
1,500 SF
Property subtype
Commercial
Building Details
Year Built
1930
Listing Agency:
Keller Williams Realty
(716) 324-2300
Listed By:
Taylor Bennett · License #10401246823
(716) 450-7235
Source:
Prestigefamilyrealty
Added: Oct 1
Changed: Nov 3
Last Checked: Nov 4 at 8:44AM
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 Keller Williams Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,500-square-foot commercial space was built in 1930 and has been used for storefront and restaurant purposes. Its existing commercial format supports those uses without assuming a specific buildout or equipment package.
The property is at 34 W Main Street in Ellicott, New York, in an area described as having plenty of traffic. The lease requires at least one year, with utilities paid in addition to rent.
The property is at 34 W Main Street in Ellicott, New York, in an area described as having plenty of traffic. The lease requires at least one year, with utilities paid in addition to rent.
Key Highlights
- 1,500 square feet of commercial space
- Previous storefront and restaurant use
- Minimum lease term of 1 year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,409
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,180
$368.2K
Cap Rate 7%
$262,986
$263.0K
Cap Rate 9%
$204,544
$204.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$27.0K $18.00/SF
− Vacancy
−$702 −$0.47/SF
EGI
$26.3K $17.53/SF
− OpEx
−$7.9K −$5.26/SF
NOI
$18.4K $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%
$368,180
Cap Rate 7%
$262,986
Cap Rate 9%
$204,544
Alternative Uses
Best Use
Retail
$263.0K
$230.1K – $306.8K
NOI $18,409 @ 7.0% cap · market cap 1,990.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$449.0K
$392.9K – $523.8K
NOI $31,428 @ 7.0% cap · market cap 3,397.62%
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
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
65k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 22%
Groceries 22%
Hotels & Casinos 1%
Burger King
Dining
14,302 visits/mo
0.2 miles
Tops Friendly Markets
Groceries
14,147 visits/mo
0.1 miles
Dollar General
Shops & Services
12,679 visits/mo
0.4 miles
Kwik Fill
Shops & Services
11,454 visits/mo
0.4 miles
Crosby's
Shops & Services
6,415 visits/mo
0.4 miles
Demographics for 14733, NY
3,663
Population
1,626
Households
2.3
Avg Household Size
43
Median Age
16%
College-Educated
93%
High-School Grad
26.7 sq mi
ZIP Area
137
Density / Sq Mi
$56,157
Median Household Income
$34,215
Median Earnings
$675
Median Rent
$102,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - The space can accommodate storefront or restaurant use and is offered with a minimum one-year lease term.
Where is this storefront property located?
The property is located at 34 W Main Street Falconer, NY.
What are key features of this property?
This property features: 1,500 square feet of commercial space; Previous storefront and restaurant use; Minimum lease term of 1 year
