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    243 Main St Springville, NY 14141

    For Sale
    $2,700,000

    85,875 SF Warehouse, 4.5 Acres, NY

    Property size:
    85,875 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a substantial 85,875-square-foot warehouse situated on a generous 4.5-acre lot in the heart of Springville, New York. Constructed in 2010, the building boasts a robust masonry structure and has undergone significant recent updates. These improvements include a completely new roof, updated HVAC system, a modern sprinkler system, and upgraded electrical infrastructure. The plumbing and main drains have also been recently replaced. A key feature is a beautifully built-out restaurant space, currently occupied by a long-term tenant. The property offers ample parking with 65 designated spots, providing convenient access for both employees and customers. Beyond the existing restaurant, there is significant vacant space presenting a unique opportunity for future development. This space is ideally suited for conversion into high-end office spaces or apartments, adding considerable value to the property. The existing long-term tenants contribute to a stable and predictable income stream, making this a compelling investment prospect in a desirable location. The property is located at 243 W Main St, Springville, NY 14141, in Erie County. The asking price for this remarkable property is $2,700,000.

    Property Features for 243 Main St

    General Information

    Property type
    Distribution properties
    Square Feet
    85,875 SF
    Lot Size
    196,020 SF

    Building Details

    Year Built
    2010

    HighLights

    • $2,700,000 asking price.
    • 85,875 square foot warehouse on 4.5 acres.
    • 2010 construction with recent updates including HVAC, sprinkler system, roof, and electrical.
    • Located at 243 W Main St, Springville, NY 14141.
    • Includes a built‑out restaurant and ample parking (65 spaces).
    • Features vacant space suitable for apartments or high‑end offices.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Springville Health & Fitness Gym RORH Building Apartment Building Steelbound Brewery Early Bird Childcare ... Day Care Center Soul 2 Sole ... Dance School

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Springville
    County
    Erie
    State
    New York
    Longitude
    -78.6764818
    Latitude
    42.5093841

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    FAQs

    What type of property is this?
    Distribution property - 85,875 SF Warehouse, 4.5 Acres, NY
    Where is this distribution property located?
    The property is located at 243 Main St Springville, NY.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: $2,700,000 asking price.; 85,875 square foot warehouse on 4.5 acres.; 2010 construction with recent updates including HVAC, sprinkler system, roof, and electrical.
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    243 Main St Springville, NY 14141
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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
    243 Main St Springville, NY 14141
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