3 Main St, Franklinville, NY 14737
This 1722-square-foot vacant storefront, located at 3 S Main St in Franklinville, NY, presents a compelling value-add investment opportunity. The property, a Class B building renovated in 2021, sits on a 0.72-acre lot (approximately 160 x 215 feet) and offers ample parking. Its convenient location between Routes 16 and 98, near a major grocery-anchored shopping center, the Franklinville School system, and municipal offices, ensures high visibility and accessibility. The building's proximity to the new Great Lakes Cheese Factory promises sustained economic growth in the area. The interior features CMU block walls (exterior repainted in 2022), a food hood and ventilation system, updated HVAC and electrical systems, a shingled pitched roof, new ceiling tiles and LED lighting, and an open floor plan ideal for various retail uses. Past uses have primarily been food service-related. The property is zoned commercial and offered as a fee simple ownership. The asking price is $150,000, translating to $87.11 per square foot. This represents a significant opportunity for entrepreneurs and investors seeking a high-traffic location with existing infrastructure. The property is currently vacant, allowing for immediate occupancy and customization to suit a new tenant's needs.
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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
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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.