Property profile

12520 Olean Rd Chaffee, NY 14030

FOR LEASE
Industrial properties
Property ID
US63-2699221
13,300 SF 3.3 ac lot Built 1990
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Industrial properties
Use group LUMBERYARD, BUILDING MATERIALS
Year built 1990
Total area 13,300 SF
Lot 3.3 ac (143,748 SF)
APN 146200 326.00-2-14.2
UPID US63-2699221

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Sports Field & Court
  • Building Supply Industrial Manufacturer

Location

12520 Olean Rd Chaffee, NY 14030
Chaffee metro Census 15102 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$740k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$735k

Owner & transaction history

since 2022
Last sale
$850,000
2 recorded transactions
2022
$850,000
2014
$767,494

Zoning & alternative use

Top alternative use upside
Restaurant $1.3M +122.9%
Commercial (general) $1.1M +94.7%
Auto repair, garage $1.1M +93.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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