Property profile

282 Central Ave Salamanca, NY 14779

OFF-MARKET
Retail properties & Spaces
4,511 SF 0.41 ac lot Built 1930
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 4,511+/- square foot retail building in Salamanca, NY. The property, built in 1930, encompasses a single-story, Class B convenience store, pizzeria, and bottle and can redemption center, all operating under one roof. The sale includes the building and all equipment, ensuring a smooth transition for the new owner. Situated on a 0.41-acre lot, the property boasts ample parking via a large driveway and a prominent pole sign for enhanced visibility. This prime location within a vibrant commercial district offers easy access to various amenities, including restaurants, retail, and recreational facilities. Its proximity to the Seneca Allegany Resort & Casino and the Salamanca Rail Museum ensures consistent foot traffic and customer base. The property's strong existing business and strategic location in Salamanca, Cattaraugus County (zip code 14779) make it an attractive investment opportunity. The asking price is $350,000. This is a turnkey operation ready for a new owner to step in and continue the success.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1930
Total area 4,511 SF
Lot 0.41 ac (17,860 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

282 Central Ave Salamanca, NY 14779
Salamanca metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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