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    Investment properties

    126 W Main St, Allegany, NY 14706

    11,680 SF 0.36 ac lot Built 2019
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US63-2711700
    Property summary
    AI-generated overview

    This exceptional 11,250 square foot executive office building, constructed in 2019 and renovated in 2020, is situated on a 0.4-acre lot at a prime corner location in Allegany, NY. The two-story Class B building offers approximately 5,600 square feet per floor, designed for maximum flexibility in layout to meet diverse business needs. High-quality finishes are evident throughout, including three large HVAC units, three-phase electric, and a sprinkler system. Plumbing and electrical are roughed in, and most rooms feature floor-to-ceiling glass walls. All bathroom fixtures are included, ready for installation and customization. The roof is designed to accommodate a bar and patio area. The property boasts a newly paved parking lot with 30+ spaces. Located at 126 W Main St, Allegany, NY 14706, this property is conveniently situated in the heart of the village, minutes from St. Bonaventure University and Downtown Olean. The asking price is $899,900, with a price per square foot of $79.99. The permitted zoning is commercial. This owner/user investment opportunity presents a rare chance to acquire a high-quality, modern office space in a desirable location.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 2019
    Total area 11,680 SF
    Lot 0.36 ac (15,682 SF)
    APN 042001 93.043-4-19
    UPID US63-2711700
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Dream Big Realty LLC · 8 yrs held
    Dream Big Realty LLC
    since 2017
    1 recorded transaction
    2017
    $80,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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