3 Main St Franklinville, NY 14737
- Retail properties
- 1,722 SF
- 0.72 lot acres
Current Use by Public Records
- Hearts for the Homeless / Non-Profit Organization / Donations Center
Property Details for 3 Main St
- Lot size
- 0.72 lot acres
- Property size
- 1,722 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Franklinville
- County
- Cattaraugus
- State
- New York
- Longitude
- -78.4585
- Latitude
- 42.3367
