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    Property profile & analytics
    OFF-MARKET
    Retail space

    224 Un St, Newark, NY 14513-1506

    21,674 SF 0.71 ac lot Built 1913
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US63-0553192
    Property summary
    AI-generated overview

    This vacant, 2,846 square foot free-standing building, formerly a Pizza Hut, presents a unique retail investment opportunity in Newark, NY. Located on a highly visible section of West Union Street, a busy east-west retail corridor, this property offers excellent visibility and accessibility. The building, constructed in 1986, sits on a 0.335-acre lot and boasts ample parking with approximately 23 spaces. Zoned B-2 General Business, the property is well-suited for a variety of retail and professional office uses. The building's size and configuration provide flexibility for adaptive reuse, catering to diverse business needs. Its location within the Village of Newark, situated conveniently between Rochester and Syracuse, ensures a strong potential customer base. The property's proximity to other businesses enhances its appeal and potential for synergy. An adjacent former convenience store is also available for purchase, presenting an opportunity for property assemblage and expansion. This turnkey property offers immediate occupancy and significant potential for return on investment. The asking price is $240,000, translating to $84.33 per square foot. This represents a compelling opportunity for owner-users seeking a strategic location in a thriving community.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1913
    Total area 21,674 SF
    Lot 0.71 ac (30,928 SF)
    Zoning code B2
    APN 542001 68111-18-472065
    UPID US63-0553192
    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
    • Love's Furniture & Carpet Home Decor Store Department Store
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Jason Hinkelman · 2 yrs held
    Jason Hinkelman
    since 2024
    Last sale
    $282,000
    4 recorded transactions
    2024
    $282,000
    2015
    $150,000
    2010
    $99,500
    2010
    $99,500
    Zoning & alternative use
    B2 · Newark, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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