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    14050 Route 62 Collins, NY 14034

    For Sale
    $189,000

    High-potential multi-use building, Collins, NY

    Property size:
    8,054 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 8,054 square foot commercial building, situated on a 1.93-acre corner lot at the busy intersection of Route 39 and Route 62 in Collins, NY (zip code 14034), presents a remarkable investment opportunity. The property boasts a versatile floor plan ideal for a variety of uses, including a convenience store, restaurant, office space, or retail establishment. Its prime location next to Big Lots ensures high visibility and foot traffic. The building includes over 60 parking spaces, multiple entrances suitable for multiple tenants, and two slide-up dock doors, adding to its operational flexibility. All existing equipment is included in the sale. A significant advantage is the income-generating second-floor apartment (750 sq ft), featuring a kitchen, large dining/living area, a spacious bedroom, and a bonus room. The property also benefits from a Lamar billboard, providing an additional revenue stream for the new owner. Recent improvements include a new electrical panel (2020) and a newer roof (2019). The property is being offered as-is, with no repairs to be made based on inspections or appraisals. The seller does not guarantee the septic system. This is a fantastic opportunity to acquire a well-located, multi-use commercial property with significant upside potential. Asking price: $189,000.

    Property Features for 14050 Route 62

    General Information

    Property type
    Day care centers
    Square Feet
    8,054 SF
    Lot Size
    84,071 SF

    HighLights

    • 8,054 SF commercial building on a 1.93‑acre corner lot in Collins, NY (14034).
    • High‑visibility location at Route 39 & Route 62, adjacent to Big Lots.
    • Versatile floor plan suitable for various uses, including retail, restaurant, or office.
    • Over 60 parking spaces, multiple entrances, and two dock‑high doors.
    • Includes a 750 SF income‑generating apartment and a Lamar billboard.
    • Recent improvements include a new electrical panel (2020) and roof (2019).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Day care centers

    Suggested Use

    Restaurant Auto Parts Store Department Store Storage Facility Discount Store Furniture Store Carpet & Flooring Store Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Collins
    County
    Erie
    State
    New York
    Longitude
    -78.928338
    Latitude
    42.4964576

    Nearby Comparable

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      14050 Route 62, Collins, NY 14034
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    Nearby Similar for Sale

    • $229,900

      New Pole Barn on Acreage

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    • $179,900
      8,054 SF

      and all equipment in the property stays. There are several entrances located throughout the building which offers the opportunity for more than one business to exist in the building along with two sets of slide up dock doors APT with a nice size kitchen

      huge dinning\/living room combo
      14050 Route 62, Collins, NY 14034
      View Details

    FAQs

    What type of property is this?
    Day care center - High-potential multi-use building, Collins, NY
    Where is this day care center located?
    The property is located at 14050 Route 62 Collins, NY.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: 8,054 SF commercial building on a 1.93-acre corner lot in Collins, NY (14034).; High-visibility location at Route 39 & Route 62, adjacent to Big Lots.; Versatile floor plan suitable for various uses, including retail, restaurant, or office.
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    Collins, NY 14034
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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
    14050 Route 62 Collins, NY 14034
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