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    OFF-MARKET
    Theaters & concert halls

    144 Main St, Dansville, NY 14437-1313

    9,470 SF 0.12 ac lot Built 1921
    Entity Owned 24-yr Hold Free & Clear
    Property ID
    US63-0653181
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Theaters & concert halls
    Use group THEATER (MOVIE)
    Year built 1921
    Total area 9,470 SF
    Lot 0.12 ac (5,250 SF)
    Zoning code 05 - COMMERCIAL
    APN 243801 203.7-6-24
    UPID US63-0653181
    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
    • Star Theatre Cinema Theater & Performing Art Venue
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    CHARLES H SCHMIDT JR
    CHARLES H SCHMIDT JR
    Zoning & alternative use
    05 - COMMERCIAL · Dansville, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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