54 State St Holley, NY 14470
This exceptional investment opportunity presents a 12,464 square foot commercial property situated on a spacious 2.2-acre lot in Holley, New York. The property boasts a diverse mix of established businesses, including an auto repair shop, an auto body shop, and a hair salon, all contributing to a very low vacancy rate. In addition to these thriving businesses, the property includes 42 storage units of varying sizes, providing a significant and consistent revenue stream. The current configuration offers considerable flexibility and potential for expansion. The expansive lot provides ample room for the addition of further storage units, should an investor choose to capitalize on this opportunity. This well-established complex offers a compelling investment proposition with a 9.3% cap rate, demonstrating strong potential for significant returns. Detailed financial information is available upon request, allowing prospective buyers to thoroughly assess the property's financial performance and future growth prospects. This is a rare chance to acquire a multi-faceted commercial property with a proven track record and substantial upside potential in a desirable location. The property's diverse tenant base and substantial land area make it an attractive investment for both seasoned and emerging investors seeking a stable and high-yielding asset.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.