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    OFF-MARKET
    Retail properties & Spaces

    3 Main St, Franklinville, NY 14737

    1,722 SF 0.72 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 1,722 SF
    Lot 0.72 ac (31,363 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Hearts for the Homeless Charitable Organization
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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