Property profile

3 Main St Franklinville, NY 14737

OFF-MARKET
Retail properties & Spaces
1,722 SF 0.72 ac lot
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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

Current use

Occupant on record · Public records
  • Charitable Organization

Location

3 Main St Franklinville, NY 14737
Franklinville 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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