Property summary
This exceptional mixed-use office building presents a compelling investment opportunity in Hornell, NY. The 7,160 square foot, Class B property, built in 2000, sits on a 1.7-acre lot with convenient access to State Route 36. Currently operating at 50% occupancy, the building features three suites, offering flexibility for owner-users and investors. Two long-term tenants are in place: a survey company (approximately 1,160 sq ft, 20 years in building) and a non-profit daycare/childcare service (approximately 3,000 sq ft, two-year lease with a two-year renewal option). A vacant 3,000 sq ft suite provides significant potential for expansion or additional rental income. The property boasts a clear-span design, full AC and sprinkler system, a storage shed, and ample parking. Recent improvements include new metal roofs (Suites A & B, September 2024) and a rubber roof (Suite C, 2021), as well as a recently sealed parking lot (July 2023). The property utilizes public water and a private septic system. The asking price is $399,900 ($55.85/sq ft), making this a highly attractive investment opportunity in a strong location with an average annual daily traffic count of 7,040 (2020 data). The property is zoned for commercial use. This is a for-sale-by-owner opportunity.
Property profile
VerifiedCap rate & NOI
Current use
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Physician Medical Clinic
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Medical Clinic
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Physician
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Physician
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Physician
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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