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    7451 Seneca Rd Hornell, NY 14843

    Sponsored
    For Sale
    $3,900,000

    88,000 SF Retail Center, Development Potential

    Property size:
    88,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 88,000-square-foot retail shopping center in Hornell, NY, presents a compelling value-add investment opportunity. Located on a substantial 17.5-acre lot at 7451 Seneca Rd N, 14843, this Class B property boasts a prime location near the new St. James hospital and numerous restaurants and businesses, ensuring high traffic volume. Currently 75% occupied, the center features five units, including established tenants such as Dollar General and Advanced Auto Parts. Two vacant storefronts, totaling 27,000 square feet (11,000 and 16,000 sq ft), offer immediate potential for increased revenue. The property also includes a 100-foot steel building with its own electric service and overhead door, extending to State Route 36. The expansive lot provides significant room for development, allowing for the addition of more retail spaces, housing, or storage units. The asking price is $3,900,000, with a price per square foot of $44.32. Built in 1983, this single-story center is zoned for commercial use and operates under a NNN lease structure. This is a rare chance to acquire a well-situated retail center with substantial upside potential in a growing market. The property's size, location, and existing infrastructure make it an ideal candidate for expansion and value enhancement. Don't miss this opportunity to capitalize on the strong potential of this Hornell, NY retail center.

    Property Features for 7451 Seneca Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    88,000 SF
    Class
    B
    Lot Size
    762,300 SF

    Building Details

    Year Built
    1983
    Stories
    1
    Units
    5

    HighLights

    • 88,000‑square‑foot retail center in Hornell, NY, on a 17.5‑acre lot.
    • Class B property, 75% occupied, with Dollar General and Advanced Auto Parts as tenants.
    • Two vacant units totaling 27,000 square feet available.
    • Includes a 100‑foot steel building with separate electric service.
    • Asking price: $3,900,000 ($44.32/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store Advance Auto Parts Auto Parts Store Harbor Freight Tools Hardware Store Sears Appliance Repair Appliance Repair Service Western Union Money Transfer Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hornell
    County
    Steuben
    State
    New York
    Longitude
    -77.666408723828
    Latitude
    42.361380476864

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    FAQs

    What type of property is this?
    Lifestyle center - 88,000 SF Retail Center, Development Potential
    Where is this lifestyle center located?
    The property is located at 7451 Seneca Rd Hornell, NY.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: 88,000-square-foot retail center in Hornell, NY, on a 17.5-acre lot.; Class B property, 75% occupied, with Dollar General and Advanced Auto Parts as tenants.; Two vacant units totaling 27,000 square feet available.
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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
    7451 Seneca Rd Hornell, NY 14843
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