16 Wheeler Ave Malone, NY 12953
- Office buildings
- 7,584 SF
- 0.91 lot acres
Current Use by Public Records
- Focus Retreat Center / Retreat Center
Property Details for 16 Wheeler Ave
- Year built
- 1950
- Lot size
- 0.91 lot acres
- Property size
- 7,584 SF
- Zone code
- 01 - NOT ZONED
- Property type
- Office buildings
- APN
- 164801 112.26-1-57
- APU
- 16480111226157
Description
This 0.91-acre commercial property in Malone, New York, presents a unique investment opportunity. Located near the Canadian border, the property features a completely renovated retreat center with 17 bedrooms, many equipped with sit-stand desks, and 8 bathrooms. A commercial kitchen is also included. All necessary permits are current, ensuring a smooth transition for the new owner. The versatile space is ideal for a variety of uses, including short-term rentals, sober living facilities, co-living spaces, artist and creator retreats, or corporate team-building facilities. The property's proximity to the Canadian border offers additional potential for attracting a diverse clientele. Seller financing may be available for qualified buyers, making this an attractive option for those seeking flexible payment terms. The existing infrastructure and permits significantly reduce the time and cost associated with starting a new venture. This property offers a rare chance to acquire a fully operational and permitted facility with significant potential for high returns. The property is ready for immediate use, minimizing the need for extensive renovations or permitting processes. Contact us to schedule a showing and explore the possibilities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $160,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $145,000
- 6.5%
- $130,000
- 7%
- $135,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $135,000
- Geo Method
- $135,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $145,000
- Retail
- $120,000
- Mixed-Use
- $155,000
- Hospitality
- $130,000
- Educational
- $150,000
- Residential Income
- $115,000
- Energy
- $150,000
- Income-Based Land
- $145,000
- Food Service
- $110,000
Location Insight
- Map
- Local Demand
- City
- Malone
- County
- Franklin
- State
- New York
- Longitude
- -74.2879
- Latitude
- 44.8506
- CBSA code
- 31660
- CBSA name
- MALONE, NY MICROPOLITAN STATISTICAL AREA