29 Old Main St Arkport, NY 14807
This 1,785 square foot, single-story commercial building, situated on a 0.54-acre lot in Arkport, NY, presents a unique investment opportunity. Built in 1969 and renovated in 1993, this former bank branch boasts a spacious reception area, teller stations, one vault, two private offices, two bathrooms, and a breakroom. A full basement is accessible via rear stairs. The property includes a drive-through with a canopy roof and ample on-site parking (14+ spaces), supplemented by street parking. The building features a gas-fired furnace, central air conditioning, and 3-phase, 200/225 AMP power. Exterior features include a brick facade and shingled roof, both in good condition. The property is served by public water, private sewer, gas, and electricity. Located on Old Main Street, the property benefits from high visibility (83.37 feet of frontage) and significant traffic counts (9,646 AADT). Its B-2 Shopping Center District zoning allows for a variety of uses, including retail and many non-residential uses permitted in residential zones. Nearby amenities include a post office, grocery store, gas station, and other local businesses. The building's entrances are ADA accessible. This property is vacant and ready for immediate occupancy. The asking price is $225,000.
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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.
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Risks
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