12 County Route 115 Lindley, NY 14858
- Investment properties
- 5,873 SF
- 1.80 lot acres
Current Use by Public Records
- Investment properties
Property Details for 12 County Route 115
- Year built
- 1930
- Lot size
- 1.80 lot acres
- Property size
- 5,873 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 465800 424.00-01-029.000
- APU
- 4658004240001029000
Description
This exceptional 6,490 sq ft property in Lindley, NY, presents a unique investment opportunity. Situated on 1.8 acres at 12 County Route 115, this established business boasts a thriving bar/restaurant (open Friday-Sunday), 43 storage units (most rented), and four fully renovated apartments (three currently rented). The spacious bar/restaurant features ample seating, a large bar with double seating, and a dedicated area for live bands and dancing. The property also includes a storage barn and a paved parking lot, covered by an indemnity agreement. The expansive yard is approved for venue use, making it ideal for expanding the existing business or creating new revenue streams. The property benefits from a recently installed (2024) engineered New York State septic system and a metal roof (installed within the last 10 years). An active liquor license is included, extending to the front lawn. This property is conveniently located on the New York border, offering access to both New York and Pennsylvania markets. The seller is open to offers and is also willing to lease the entire property for $1500 per month. Per FEMA, this property is not located in a flood zone. This versatile property is ready for a new owner to capitalize on its existing income streams and explore its significant potential for growth.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $270,000
- 6.5%
- $270,000
- 7%
- $270,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $290,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $300,000
- Retail
- $295,000
- Mixed-Use
- $305,000
- Hospitality
- $270,000
- Educational
- $285,000
- Residential Income
- $220,000
- Energy
- $270,000
- Income-Based Land
- $225,000
- Food Service
- $285,000
Location Insight
- Map
- Local Demand
- City
- Lindley
- County
- Steuben
- State
- New York
- Longitude
- -77.1267
- Latitude
- 42.0008
- CBSA code
- 18500
- CBSA name
- CORNING, NY MICROPOLITAN STATISTICAL AREA