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    4944 Scio Rd Belmont, NY 14813

    Sponsored
    For Sale
    $359,900

    8,610 SF Office Building, Great Potential

    Property size:
    8,610 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8,610-square-foot commercial building presents a compelling investment opportunity in Amity, NY. Situated on a 2.51-acre lot, this single-story, 1998-constructed building offers a blend of existing and readily expandable office space. Currently, a portion of the building is leased, generating immediate income potential. The property features several finished offices, a meeting room, and a large conference room, all ready for immediate occupancy. Additional office space can be easily developed within the existing structure. Two half-bathrooms serve the building's occupants. Modern amenities include a sprinkler system, security alarm, and air conditioning, along with municipal water. The building's design incorporates multiple points of ingress and egress for convenient access. Ample paved parking is available, with additional space for expansion. The property boasts a strong location, easily accessible from State Route 19 and minutes from I-86. An existing foundation on the southeast side of the building is ready for further construction, presenting significant expansion possibilities. The property's zoning is commercial, and its versatile layout makes it suitable for a variety of uses, including a potential wedding venue or event center. The asking price is $359,900, reflecting a price per square foot of $41.80. This is a motivated seller situation.

    Property Features for 4944 Scio Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    8,610 SF
    Lot Size
    109,336 SF

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Belmont
    County
    Allegany
    State
    New York
    Longitude
    -78.020191149821
    Latitude
    42.213779901829

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    FAQs

    What type of property is this?
    Office Property / Space - 8,610 SF Office Building, Great Potential
    Where is this office property / space located?
    The property is located at 4944 Scio Rd Belmont, NY.
    What is the asking price?
    The asking price for this property is $359,900.
    Request Owner's contact information
    4944 Scio Rd Belmont, NY 14813
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    Belmont, NY 14813
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4944 Scio Rd Belmont, NY 14813
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