Spa Property with Yoga
New
For Sale
$189,900
47 Main Street, Big Flats, NY 14814
The property includes a hair salon, yoga studio, central air, and a newer furnace.
Property Size1,984 SF
Price / SF$95.72
Days on Market2
Property Features for 47 Main Street
General Information
Standard status
Active
Size
1,984 SF
Listing Agency:
Howard Hanna Horseheads
(607) 739-1444
Listed By:
Carl Romans · License #10301200342
(607) 731-9060
Source:
Nicholcityrealty
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 2:38AM
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 Horseheads
Investment Insights
Based on property information with market context.
The property is currently used as a full-service hair salon with a yoga studio. It also has a newer furnace and central air. The building is described as convertible to a single-family residence or an owner-occupied business.
Front and rear parking areas serve the property, with an additional rear lot area identified for potential expansion. The address is 47 Main Street in Big Flats, New York.
Front and rear parking areas serve the property, with an additional rear lot area identified for potential expansion. The address is 47 Main Street in Big Flats, New York.
Key Highlights
- Currently configured for a full‑service hair salon and yoga studio
- Front and rear parking areas
- Rear lot area identified for potential expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,332
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,640
$306.6K
Cap Rate 7%
$219,029
$219.0K
Cap Rate 9%
$170,356
$170.4K
Market Conditions
NOI Build-Up for 1,984 SF
Gross rent
$23.8K $12.00/SF
− Vacancy
−$1.9K −$0.96/SF
EGI
$21.9K $11.04/SF
− OpEx
−$6.6K −$3.31/SF
NOI
$15.3K $7.73/SF
Area
Chemung County, NY
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,640
Cap Rate 7%
$219,029
Cap Rate 9%
$170,356
Alternative Uses
Best Use
Retail
$219.0K
$191.7K – $255.5K
NOI $15,332 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$18.06M
$15.80M – $21.07M
NOI $1,264,231 @ 7.0% cap · market cap 665.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dandy Mini Mart
Shops & Services
12,492 visits/mo
0.3 miles
Sunoco
Shops & Services
3,527 visits/mo
0.2 miles
Demographics for 14814, NY
1,938
Population
737
Households
2.6
Avg Household Size
45
Median Age
59%
College-Educated
99%
High-School Grad
8.3 sq mi
ZIP Area
233
Density / Sq Mi
$105,625
Median Household Income
$64,702
Median Earnings
$1,385
Median Rent
$216,800
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
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Frequently Asked Questions
What type of property is this?
Spa & wellness property - The property includes a hair salon, yoga studio, central air, and a newer furnace.
Where is this spa & wellness property located?
The property is located at 47 Main Street Big Flats, NY.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Currently configured for a full‑service hair salon and yoga studio; Front and rear parking areas; Rear lot area identified for potential expansion
