Current Use by Public Records
- Office Spaces
Property Details for 54 State St
- Lot size
- 2.20 lot acres
- Property type
- Office Spaces
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Holley
- County
- Orleans
- State
- New York
- Longitude
- -78.0226
- Latitude
- 43.2215
