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    431 Genesee St Chittenango, NY 13037

    Sponsored
    For Sale
    $1,497,000

    High-yield auto parts store, strong tenant.

    Property size:
    6,549 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This fee-simple investment opportunity presents a 6,549 square foot Advance Auto Parts store in Chittenango, NY. The property, built in 2007, sits on a 0.67-acre lot with 32 parking spaces and boasts a prominent location at the signalized intersection of US Hwy 5 and Genesee St, experiencing over 21,900 vehicles per day. The current lease, a Net Net (NN) agreement with limited landlord responsibilities, has approximately 3 years remaining with three 5-year options to extend, featuring 5% rental increases at the start of each option period. The property generates a Net Operating Income (NOI) of $123,516, resulting in an 8.25% capitalization rate. The asking price is $1,497,000 ($228.58/sq ft). The property is zoned commercial and benefits from strong tenant synergy with nearby national retailers including Walgreens, O'Reilly Auto Parts, and more, serving a 5-mile trade area with over 12,100 residents and an average household income of $121,874. This presents a low-management, high-return investment opportunity with a well-established tenant in a prime retail location. The property's APN is 254801 41.81-1-47.

    Property Features for 431 Genesee St

    General Information

    Property type
    Automotive properties
    Square Feet
    6,549 SF
    Lot Size
    29,185 SF

    Building Details

    Year Built
    2007

    HighLights

    • 3+ years remaining lease with options to extend; strong national tenant.
    • Net‑Net lease; fee simple ownership; limited landlord responsibilities.
    • High‑traffic corner location (21,900 VPD); excellent visibility; substantial street frontage.
    • Strong demographics within a 5‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Advance Auto Parts Tool Rental Service UPS Access Point ... Shipping And Mailing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chittenango
    County
    Madison
    State
    New York
    Longitude
    -75.8665253
    Latitude
    43.051323

    Nearby Comparable

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      Chittenango Auto Parts Investment Property

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    Nearby Similar for Sale

    • $280,000

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      Two well-maintained ranch homes, ideal for family or rental income.
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      NN leased Advance Auto Parts with renewal options.
      431 Genesee St, Chittenango, NY 13037
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      Updated Mixed-Use Property For Sale

      Updated mixed-use property with retail and residential units for sale.
      275 Genesee St, Sullivan, NY 13037
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      Retail Opportunity on Genesee Street

      Retail space with high traffic and income potential.
      256 Genesee St, Sullivan, NY 13037
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      Two Houses on Large Parcel

      Two houses on one 2.357-acre parcel near NYS Thruway.
      1302 Fyler Rd, Sullivan, NY 13037
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    • $1,390,000

      33-Unit Mobile Home Park

      Mobile home park with 33 tenant-owned homes for sale.
      5740 Ny-13, Chittenango, NY
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      Lakefront Restaurant & Banquet Hall

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    FAQs

    What type of property is this?
    Automotive property - High-yield auto parts store, strong tenant.
    Where is this automotive property located?
    The property is located at 431 Genesee St Chittenango, NY.
    What is the asking price?
    The asking price for this property is $1,497,000.
    What are key features of this property?
    This property features: 3+ years remaining lease with options to extend; strong national tenant.; Net-Net lease; fee simple ownership; limited landlord responsibilities.; High-traffic corner location (21,900 VPD); excellent visibility; substantial street frontage.
    Request Owner's contact information
    431 Genesee St Chittenango, NY 13037
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    Chittenango, NY 13037
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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
    431 Genesee St Chittenango, NY 13037
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