224 Union St Newark, NY 14513
- Retail space
- 21,674 SF
- 0.71 lot acres
Current Use by Public Records
- Love's Furniture & Carpet / Home Goods Store / Bed Shop
Property Details for 224 Union St
- Year built
- 1913
- Lot size
- 0.71 lot acres
- Property size
- 21,674 SF
- Zone code
- B2
- Property type
- Retail space
- APN
- 542001 68111-18-472065
- APU
- 5420016811118472065
Description
This vacant, 2,846 square foot free-standing building, formerly a Pizza Hut, presents a unique retail investment opportunity in Newark, NY. Located on a highly visible section of West Union Street, a busy east-west retail corridor, this property offers excellent visibility and accessibility. The building, constructed in 1986, sits on a 0.335-acre lot and boasts ample parking with approximately 23 spaces. Zoned B-2 General Business, the property is well-suited for a variety of retail and professional office uses. The building's size and configuration provide flexibility for adaptive reuse, catering to diverse business needs. Its location within the Village of Newark, situated conveniently between Rochester and Syracuse, ensures a strong potential customer base. The property's proximity to other businesses enhances its appeal and potential for synergy. An adjacent former convenience store is also available for purchase, presenting an opportunity for property assemblage and expansion. This turnkey property offers immediate occupancy and significant potential for return on investment. The asking price is $240,000, translating to $84.33 per square foot. This represents a compelling opportunity for owner-users seeking a strategic location in a thriving community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Wayne
- State
- New York
- Longitude
- -77.0905
- Latitude
- 43.0471
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA
