Property profile

14050 Rte 62 Collins, NY 14034

OFF-MARKET
Retail space
Property ID
US63-6040802
8,054 SF 1.93 ac lot Built 1950
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a mixed-use building in Collins, NY with a total building area of 8,054 square feet on a 1.93-acre corner lot at the intersection of Route 39 and Route 62. It includes a second-floor one-bedroom apartment totaling 750 square feet with a kitchen, combined dining and living room, a large bedroom, and a bonus room. The commercial portion is configured with an open floor plan and is permitted for retail use under its zoning, with potential suitability for a variety of business types such as convenience retail, restaurant use, office use, additional retail, or a car dealership. The building has multiple entrances to accommodate more than one business and features two slide-up dock doors. A large paved parking area provides space for more than 60 vehicles. Electrical upgrades were completed in 2020, and a Lamar billboard is located on the premises.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 8,054 SF
Lot 1.93 ac (84,071 SF)
APN 143689 341.12-1-6.1
UPID US63-6040802

Cap rate & NOI

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

Location

14050 Rte 62 Collins, NY 14034-9704
Collins metro Census 17501 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$569k
Blend (final) Blend
$530k

Owner & transaction history

since 2018
7 recorded transactions
2018
$25,000
2017
$74,681
2015
Price N/A
2008
Price N/A
2007
$140,000
2006
Price N/A
1969
Price N/A

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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