706 Manitou Rd Hilton, NY 14468-9700
- Investment properties
- 2,002 SF
- 1.10 lot acres
Dec 13, 2024
Current Use by Public Records
- Foundations Salon & Spa / Nail Salon / Hairdresser
Property Details for 706 Manitou Rd
- Year built
- 1853
- Lot size
- 1.10 lot acres
- Property size
- 2,002 SF
- Zone code
- 03 - MULTI-FAMILY
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 262800 033.01-3-51.1
- APU
- 262800033013511
Description
This exceptional mixed-use property, located at 706 Manitou Road in Hilton, NY, presents a unique investment opportunity. The 2,000 square foot building, constructed in 1853 and extensively renovated in 2024, boasts two stories and sits on a generous 1.1-acre lot. The property includes two buildings, offering versatile space ideal for a variety of business uses. Recent upgrades include a new metal roof and vinyl siding, enhancing both aesthetics and durability. Interior improvements are equally impressive, featuring a new handicap-accessible first-floor bathroom, a new full bathroom on the second floor, a new kitchenette, a new furnace, a new water heater, and new windows throughout. The property also benefits from a newly sealed and striped 18-car blacktop parking lot, providing ample parking for customers and employees. Convenient sewer and water connections are already in place. The property is zoned BR (Restricted Business), and a detailed list of permitted uses is available upon request. An additional barn is situated on the property, offering further potential for storage or expansion. The asking price is $349,900, translating to $174.78 per square foot. County records indicate the square footage, and this should be verified independently. This prime corner lot location in Hilton, NY, offers excellent visibility and accessibility, making it an attractive proposition for discerning business owners.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $295,000
- ML approach
- $295,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $520,000
- 6.5%
- $480,000
- 7%
- $445,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $216,000
- AI Estimate
- $228,000
Market price range: $71.0k - $216kMarket price range: $105k - $229k
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Location Insight
- Map
- Local Demand
- City
- Hilton
- County
- Monroe
- State
- New York
- Longitude
- -77.7489
- Latitude
- 43.2879
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA