Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR LEASE
    Industrial properties

    12520 Olean Rd, Chaffee, NY 14030

    13,300 SF 3.3 ac lot Built 1990
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US63-2699221
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Route 16 Pickleball Sports Field & Court
    • 84 Lumber Building Supply Industrial Manufacturer
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $740k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $795k
    Owner & transaction history
    12520 Owner LLC · 3 yrs held
    12520 Owner LLC
    since 2022
    Last sale
    $850,000
    2 recorded transactions
    2022
    $850,000
    2014
    $767,494
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $1.3M +122.9%
    Commercial (general) $1.1M +94.7%
    Auto repair, garage $1.1M +93.3%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message