Former Convenience Store on Route
9971 NY-16 Delevan, NY 14042
9971 NY-16, Delevan, NY, 14042
Contact for pricing
For Sale
Contact for pricing
1,280 sq ft building on 2.02 acres in Lime Lake.
Property Size1,280 SF
Lot Size2.02 Acres
Price / SF$105.47
Days on Market809
Property Features for 9971 NY-16
General Information
- Standard status
- Active
- Size
- 1,280 SF
- Lot size
- 2.02 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1970
Listing Agency
Hawley Development Corp
Listed by
John Pastore · License #FLBO/ FSBO
Source
Crexi
Added: Apr 30, 2024 Checked: Jul 17 at 12:58 pm
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 Hawley Development Corp
Investment Insights
Based on property information with market context.
This 1,280 sq. ft. building, formerly a convenience store, is located on Route 16 in Lime Lake. Situated on 2.02 acres, the property is approximately 8 miles north of the village of Franklinville and 4 miles south of the village of Delevan, within the Lime Lake cottage district. Capital improvements were made in 2022, including a new Heil 2 stage forced air furnace, a water filtration system, and exterior facade upgrades. The building includes walk-in coolers, a 3-bay sink, a utility room, a bathroom, and a sales area. The fuel canopy and equipment have been removed from the site. The property also features a 0.66-acre pond. Electric and gas services are available on-site, along with a water well and a public sewer system. The daily traffic count is approximately 5,000 cars.
Key Highlights
- High‑traffic location on Route 16 with approximately 5,000 cars daily.
- Large 2.02‑acre lot featuring a 0.66‑acre pond.
- Recent (2022) capital improvements including a new Heil 2‑stage forced air furnace, water filtration system, and exterior facade upgrades.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.4k | $14.40 |
| − Vacancy | −$1.8k | −$1.44 |
| EGI | $16.6k | $12.96 |
| − OpEx | −$5.0k | −$3.89 |
| NOI | $11.6k | $9.07 |
1,280 SF · lease $14.40/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$236.5K
$206.9K – $275.9K
NOI $16,554 @ 7.0% cap · market cap 12.26%
Second Best
Retail
$165.9K
$145.2K – $193.5K
NOI $11,612 @ 7.0% cap · market cap 8.60%
Theoretical Best
Healthcare Medical
$253.0K
$221.4K – $295.2K
NOI $17,709 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Grocery and convenience store - 1,280 sq ft building on 2.02 acres in Lime Lake.
Where is this grocery and convenience store located?
The property is located at 9971 NY-16 Delevan, NY.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: High‑traffic location on Route 16 with approximately 5,000 cars daily.; Large 2.02‑acre lot featuring a 0.66‑acre pond.; Recent (2022) capital improvements including a new Heil 2‑stage forced air furnace, water filtration system, and exterior facade upgrades.
