Signalized Corner Auto
For Sale
Contact for pricing
502-508 Ellicott St, Batavia, NY
Car repair shop with warehouse and high visibility.
Property Size2,088 SF
Lot Size0.28 Acres
Price / SF$203.50
Days on Market957
Property Features for 502-508 Ellicott St
General Information
Standard status
Active
Size
2,088 SF
Lot size
0.28 Acres
Property subtype
RETAIL
Listing Agency:
Hunt Commercial - Buffalo
(716) 854-5943
Listed By:
Nicholas Corto · License #10401306847
(716) 864-1929
Source:
Moodyscre
Added: Mar 14, 2024
Changed: Oct 25
Last Checked: Oct 24 at 8:01PM
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 Hunt Commercial - Buffalo
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features a car repair shop and warehouse suitable for additional storage. It includes lifts and is considered a suitable investment property. The current tenant is operating and wishes to stay. The property has high visibility with 4 bays, a reception area, and ample parking spaces, making it suitable for used cars or other retail uses. The site is a prime signalized corner location with dimensions of 145x260, and includes 3 parcels: 5 Clifton and 5-7-9 Clifton. The property size is 2088 square feet.
Key Highlights
- Prime signalized corner location with high visibility.
- Includes car repair bays and warehouse space for storage.
- Four bay garage with reception area and ample parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,003
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,060
$420.1K
Cap Rate 7%
$300,043
$300.0K
Cap Rate 9%
$233,367
$233.4K
Market Conditions
NOI Build-Up for 2,088 SF
Gross rent
$31.3K $15.00/SF
− Vacancy
−$1.3K −$0.63/SF
EGI
$30.0K $14.37/SF
− OpEx
−$9.0K −$4.31/SF
NOI
$21.0K $10.06/SF
Area
Genesee County, NY
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,060
Cap Rate 7%
$300,043
Cap Rate 9%
$233,367
Alternative Uses
Best Use
Industrial
$1.60M
$1.40M – $1.86M
NOI $111,725 @ 7.0% cap · market cap 26.29%
Second Best
Retail
$300.0K
$262.5K – $350.1K
NOI $21,003 @ 7.0% cap · market cap 4.94%
Theoretical Best
Warehouse
$1.94M
$1.70M – $2.26M
NOI $135,666 @ 7.0% cap · market cap 31.93%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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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
- Genesee Auto Body — 659 Ellicott St, Batavia, NY 14020
- Jays Automotive and Detailing — 667 Ellicott St #4a, Batavia, NY 14020
- AM Performance — 103 Lehigh Ave, Batavia, NY 14020
- Mogavero’s Automotive — 149 Hutchins St, Batavia, NY 14020
- Zirbel's Automotive — 149 hutchins st, batavia, ny 14020
Frequently Asked Questions
What type of property is this?
Auto shop - Car repair shop with warehouse and high visibility.
Where is this auto shop located?
The property is located at 502-508 Ellicott St Batavia, NY.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Prime signalized corner location with high visibility.; Includes car repair bays and warehouse space for storage.; Four bay garage with reception area and ample parking.
