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Property profile & analytics
FOR SALE
Office buildings

16 Wheeler Ave Malone, NY 12953

7,584 SF 0.91 ac lot Built 1950
Entity Owned 4-yr Hold Free & Clear
Property ID
US63-1911429
Property summary
AI-generated overview

This 0.91-acre commercial property in Malone, New York, presents a unique investment opportunity. Located near the Canadian border, the property features a completely renovated retreat center with 17 bedrooms, many equipped with sit-stand desks, and 8 bathrooms. A commercial kitchen is also included. All necessary permits are current, ensuring a smooth transition for the new owner. The versatile space is ideal for a variety of uses, including short-term rentals, sober living facilities, co-living spaces, artist and creator retreats, or corporate team-building facilities. The property's proximity to the Canadian border offers additional potential for attracting a diverse clientele. Seller financing may be available for qualified buyers, making this an attractive option for those seeking flexible payment terms. The existing infrastructure and permits significantly reduce the time and cost associated with starting a new venture. This property offers a rare chance to acquire a fully operational and permitted facility with significant potential for high returns. The property is ready for immediate use, minimizing the need for extensive renovations or permitting processes. Contact us to schedule a showing and explore the possibilities.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Total area 7,584 SF
Lot 0.91 ac (39,640 SF)
Zoning code 01 - NOT ZONED
APN 164801 112.26-1-57
UPID US63-1911429
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
  • Focus Retreat Center Resort Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Lyons Focus LLC · 4 yrs held
Lyons Focus LLC
since 2021
Last sale
$135,000
3 recorded transactions
2021
$135,000
2019
$3,500
2019
Price N/A
Zoning & alternative use
01 - NOT ZONED · Malone, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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