7498 Seneca RdHornell, NY 14843

Property Details for 7498 Seneca Rd

Year built

1990

Lot size

0.81 AC

Property size (Sq ft)

1,655 SF

Zone code

5

Property type

Retail properties

Property subtype

Turn key restaurants

APN

465289 136.05-01-014.000

APU

4652891360501014000

Description

This exceptional turnkey business opportunity presents a well-established pizzeria in Hornell, NY, with significant potential. Located at 7498 Seneca Rd N, this 1,655 square foot building sits on a 0.81-acre lot and boasts a prime commercial location, just down the street from a hospital and shopping centers, ensuring high traffic volume. Built in 1990, the building features a remodeled interior dining area (2020/2021), two restrooms, and a fully equipped pizza kitchen. The exterior was freshly painted in September 2023. The property is zoned for Commercial High Value use and offers flexibility for conversion to office or retail space, given its mostly open floor plan. The building's roof is a combination of tin and shingles. The business itself has operated successfully for 20 years, serving the Hornell community and surrounding areas. Outdoor seating is available during the summer months. The asking price for the business and real estate is $189,900

• CAP approach

  CAP return

  Valuation

  6%

  $416,733

  6.5%

  $384,676

  7%

  $357,199

• Comparable approach

  Method

  Valuation

  Relative Method

  $390,001

  Geo Method

  $262,372

• Alternative Use

  Use

  Valuation

  Residential

  $324,489

  Hospitality

  $297,230

  Educational

  $247,292

  Medical

  $255,797

  Retail

  $384,676

Location Insight

City

Hornell

County

Steuben

State

New York

Latitude

42.3639

Longitude

-77.668

CBSA code

18500

CBSA name

CORNING, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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