12520 Olean Rd, Chaffee, NY 14030
For Lease
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This exceptional commercial property in Chaffee, NY, presents a unique investment opportunity. The property comprises four separate buildings totaling approximately 32,050 square feet, situated on a generous 3.3-acre lot. The largest building, at approximately 14,700 square feet, offers a versatile layout suitable for retail and storage uses, with a 50/50 split between the two. Two additional buildings each exceed 5,600 square feet, and a fourth building offers approximately 6,080 square feet. The buildings currently offer a mix of open and enclosed storage space, providing flexibility for various business needs. The property is zoned BL-Business/Light Industrial, allowing for a range of potential uses. Its strategic location between Routes 39 and 98, minutes from Yorkshire and Arcade, and close proximity to Springville, offers excellent accessibility. Furthermore, the property benefits from its location just 13 miles from the new Great Lakes Cheese Co. development, a significant 480,000+ square foot facility expected to employ over 430 workers. This proximity to a major employer presents a compelling advantage for future tenants and investors. The property's size, versatility, and location make it an ideal candidate for a variety of commercial ventures. This is a rare opportunity to acquire a substantial property in a growing area with significant potential for future development and appreciation.
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84 Lumber Building Supply Industrial Manufacturer
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.