52 Center StHornell, NY 14843

Property Details for 52 Center St

Year built

1965

Lot size

0.78 AC

Property size (Sq ft)

2,342 SF

Property type

Retail properties

Property subtype

Gas stations

APN

460600 151.80-02-028.000

APU

4606001518002028000

Description

This exceptional industrial property, located at 52 Center St in Hornell, NY, presents a significant investment opportunity. The 12,000 square foot warehouse sits on a sizable lot exceeding three-quarters of an acre, offering ample space for various commercial uses. The building features a 6,000 square foot warehouse area equipped with three drive-in bays, ideal for truck maintenance, storage, or similar operations. Two additional loading docks provide efficient loading and unloading capabilities. The existing warehouse and service area present immediate income-generating potential. A substantial parking lot provides convenient access and connects to two streets, enhancing accessibility and operational efficiency. This versatile property is well-suited for a range of community-focused businesses, making it an attractive investment in a thriving location. The property's address is 52 Center St, Hornell, NY 14843, and is conveniently located in Steuben County. The asking price for this substantial property is $199,900. This is a rare opportunity to acquire a large, well-located industrial space with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $589,720

  6.5%

  $544,357

  7%

  $505,475

• Comparable approach

  Method

  Valuation

  Relative Method

  $551,892

  Geo Method

  $371,285

• Alternative Use

  Use

  Valuation

  Residential

  $459,186

  Hospitality

  $420,612

  Educational

  $349,944

  Medical

  $361,979

  Retail

  $544,357

Location Insight

City

Hornell

County

Steuben

State

New York

Latitude

42.3233

Longitude

-77.6592

CBSA code

18500

CBSA name

CORNING, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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