116 Main StCanandaigua, NY 14424

Property Details for 116 Main St

Year built

1890

Lot size

0.06 AC

Property size (Sq ft)

4,285 SF

Zone code

HC2A

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

320200 84.45-1-37

APU

3202008445137

Description

This exceptional 2,000 square foot commercial space is available for lease at 116 S Main St, Canandaigua, NY 14424. Located in the heart of Canandaigua's business district, this single-tenant property boasts an expansive open floor plan ideal for a variety of uses, including restaurants, cafes, retail stores, or studios. Benefit from high visibility with a daily traffic count of 21,117 vehicles and ample free public parking. Large display windows offer excellent storefront presentation. The property is situated in a high-foot-traffic area with a diverse mix of businesses and enjoys a low 3.8% vacancy rate, reflecting a thriving commercial environment. Canandaigua's strong tourism sector, driven by attractions like CMAC, Bristol Mountain, Canandaigua Lake, and local wineries and breweries, ensures a robust customer base. This location offers unparalleled access to downtown amenities. The property includes 1-2 parking spaces. This is a rare opportunity to establish your business in a dynamic and growing community.

• CAP approach

  CAP return

  Valuation

  6%

  $691,956

  6.5%

  $638,728

  7%

  $593,105

• Comparable approach

  Method

  Valuation

  Relative Method

  $391,470

  Geo Method

  $559,878

• Alternative Use

  Use

  Valuation

  Residential

  $792,023

  Hospitality

  $725,489

  Educational

  $603,598

  Medical

  $624,357

  Retail

  $938,931

Location Insight

City

Canandaigua

County

Ontario

State

New York

Latitude

42.8859

Longitude

-77.2806

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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