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    OFF-MARKET
    Commercial real estate

    St, Canisteo, NY 14823

    2,160 SF 0.21 ac lot Built 1920
    Property ID
    Property summary
    AI-generated overview

    This exceptional Canisteo, NY commercial property presents a unique investment opportunity. Comprising two parcels totaling 0.21 acres, the offering includes a substantial 2,160 square foot building and a separate parking lot with a pole barn. The main structure, a former church built circa 1920, boasts 2,387+ square feet of masonry construction over a crawl space. Features include a choir loft and designer tin ceiling tiles under a drop ceiling. A two-car garage and small parking lot are also included on the 0.36+ acre main parcel. The property has been vacant for several years, offering significant redevelopment potential. Currently classified as tax-exempt (620-Religious), the property's future use is subject to restrictions outlined by the sellers and approval from the Diocese of Rochester and the local zoning board. The property's zoning allows for both residential and commercial development, making it an attractive prospect for a variety of uses. The second parcel, a parking lot with a pole barn, adds further versatility and potential. This property is priced affordably at $44,900 and presents a rare chance to acquire a substantial building with significant upside in a desirable location.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1920
    Total area 2,160 SF
    Lot 0.21 ac (9,148 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
    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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