Property profile

3864 State St Allegany, NY 14706

OFF-MARKET
Retail properties & Spaces
105,000 SF
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Property summary

AI-generated overview

This exceptional commercial property in Allegany, NY, offers 6,500 to 25,187 square feet of retail and warehouse space, divisible to suit tenant needs. Located on a 21.44-acre lot at 3864 W State St, 14706, this Class A property boasts a newly renovated 105,000 square foot plaza, completed in 2023. Improvements include new storefronts, roof, electrical, and mechanical systems. The space is ideal for a variety of uses, including retail, warehouse, wholesale distribution, office, medical, hospitality, and light industrial tenants. A build-to-suit option is available with a minimum of 6,500 square feet. Two additional outparcels are also available for lease, offering further expansion opportunities. Ground leases are also considered. This property benefits from a highly visible location adjacent to Exit 24 of the New York State Route 86 Southern Tier Expressway, ensuring easy access to the interstate highway system. The area offers strong demographics, with close proximity to St. Bonaventure University and major retailers such as Tops Supermarket, Aldi, Walmart, Home Depot, Staples, Harbor Freight, McDonald's, Burger King, and the Olean Mall. Lease rates are negotiable with flexible terms. Zoned commercial, this Cattaraugus County property presents a unique opportunity for businesses seeking a strategic location with modern amenities.

Property profile

Verified
Property type Retail properties & Spaces
Total area 105,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3864 State St Allegany, NY 14706
Allegany metro
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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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