12 County Rd Lindley, NY 14858
This exceptional commercial property in Lindley, NY, presents a rare investment opportunity. Situated on 1.8 acres at 12 County Rd 115, this 12,022 square foot property includes a former restaurant and bar (The Lindley Roadhouse), four renovated apartments generating an anticipated $53,400 annual rental income, and 43 storage units in two steel buildings and a barn. The main building, constructed in 1980, features a spacious restaurant area with a bar, kitchen (equipment included), a private office, and restrooms. The four apartments comprise one efficiency, one one-bedroom, and two two-bedroom units. The storage units, ranging in size from 5x10 to 10x30, have the potential to generate approximately $35,000 annually if fully occupied. The property boasts a newer metal roof and a recently installed, state-approved septic system. The location is ideal, on a busy county road near the Pennsylvania border, and only 15 miles south of Corning. This multi-income stream property offers significant upside potential for a savvy investor. The asking price is $474,900. The property consists of four buildings, spanning two stories.
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
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No recorded transactions found for this property.
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Risks
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