144 Main St Dansville, NY 14437
- Theaters & concert halls
- 9,470 SF
- 0.12 lot acres
Current Use by Public Records
- Star Theatre / Movie Theater
Property Details for 144 Main St
- Year built
- 1921
- Lot size
- 0.12 lot acres
- Property size
- 9,470 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Theaters & concert halls
- APN
- 243801 203.7-6-24
- APU
- 2438012037624
Description
This 12,032 square foot office building at 144 Main Street in Dansville, NY, presents a unique investment opportunity. The property sits on a 0.12-acre lot in the heart of the business district. A thriving historic theatre occupies the ground floor and will remain in operation under a lease agreement with the new owner, providing immediate and consistent rental income. The second and third floors are currently in need of rehabilitation and updates, offering significant potential for redevelopment. The expansive third floor, encompassing the entire building footprint, presents a blank canvas for a variety of uses. Imagine the possibilities: converting it into co-working spaces, creating multiple residential units, or developing a unique retail concept. The building's prime location and the existing income stream from the theatre make this a compelling investment for both seasoned developers and those seeking a high-return property with significant upside potential. The asking price is $225,000. This is a chance to acquire a piece of Dansville's history and shape its future. The property is being sold as a building only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $310,000
- 6.5%
- $310,000
- 7%
- $335,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $260,000
- Geo Method
- $280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $355,000
- Retail
- $375,000
- Mixed-Use
- $335,000
- Hospitality
- $365,000
- Educational
- $285,000
- Residential Income
- $335,000
- Energy
- $305,000
- Income-Based Land
- $320,000
- Food Service
- $275,000
Location Insight
- Map
- Local Demand
- City
- Dansville
- County
- Livingston
- State
- New York
- Longitude
- -77.6951
- Latitude
- 42.5605
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA