7424 Route 16 Franklinville, NY 14737
- Mixed-use properties
- 3,120 SF
- 3.80 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 7424 Route 16
- Year built
- 1965
- Lot size
- 3.80 lot acres
- Property size
- 3,120 SF
- Property type
- Mixed-use properties
Description
This exceptional Franklinville, NY, mixed-use property presents a rare opportunity for a savvy investor. Established in 1982, the highly successful Civic Auto Sales and Service boasts annual gross sales exceeding $2,000,000. The sale includes two parcels totaling 3.801 acres, providing ample space for the existing 3,120 square foot commercial building, a substantial outdoor lot capable of holding 30-40 vehicles, and a separate 2,700 cubic foot storage unit. A three-bedroom income property is also included, adding to the investment potential. The business benefits from a loyal customer base and excellent location. The property features a private septic system and water well, ensuring self-sufficiency. Heating is provided by forced air and an Energy Logic waste oil furnace, offering cost-effective operation. Some equipment may remain with the sale. The current owner is offering transition support, staying on for up to two months to facilitate a smooth transfer. This turnkey operation is ready for a new owner to continue its legacy of success.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Franklinville
- County
- Cattaraugus
- State
- New York
- Longitude
- -78.4606
- Latitude
- 42.3261
