140 Vlg Sq Painted Post, NY 14870-1320
Property profile & analytics
140 Vlg Sq Painted Post, NY 14870-1320
- Investment properties
- 19,425 SF
- 0.27 lot acres
Property ID
US63-1762284
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Crystal City Martial Arts / Training Center / Sports School
- Barbara's Barber Shop / Barber Shop
Property Details for 140 Vlg Sq
- Year built
- 1974
- Lot size
- 0.27 lot acres
- Property size
- 19,425 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 464201 299.13-02-004.000
- APU
- 4642012991302004000
Description
This fee-simple ownership opportunity presents a 18,375 square-foot shopping center in Painted Post, NY, boasting 94% occupancy and a strong 8.45% cap rate. The property, built in 1970 and renovated in 2020, features eleven units totaling 18,375 square feet, with one 1,128 square-foot unit currently available for lease. The asking price is $1,830,140, translating to $99.60 per square foot. The property generates a Net Operating Income (NOI) of $154,647. Recent capital improvements include roof replacement and exterior siding. The center benefits from a diverse tenant mix, including medical and service-oriented businesses such as Rivoli Dental, Miracle Ear, and The Vision Center. Situated on a 0.27-acre lot, the property is zoned VC and enjoys a prime location near major retailers like Walmart, Home Depot, and ALDI, as well as significant residential areas, Corning Sullivan Park R&D Campus, and the Siemens Energy complex. The Village maintains parking, accessways, and sidewalks, eliminating landlord responsibilities in those areas. This well-maintained center offers a compelling investment opportunity with minimal vacancy and strong potential for future growth. The property is offered free and clear of any mortgage financing. Over 23,000 people reside within a five-mile radius.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,016,000
Market price range: $1.02M - $3.18M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,185,000 Current use
- RESTAURANT
- $1,810,000 Change: +52% Conversion: Difficult
- OFFICE BUILDING
- $1,280,000 Change: +8% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Painted Post
- County
- Steuben
- State
- New York
- Longitude
- -77.0943
- Latitude
- 42.1587
- CBSA code
- 18500
- CBSA name
- CORNING, NY MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$39,000
$346,000
$385,000
-
$43,820
$388,764
$432,584
