Financial
Distress signals
Property profile

232 W Main St Falconer, NY 14733

FOR SALE
Turn key restaurants
Property ID
US63-2409425
2,940 SF 0.15 ac lot Built 1940
Last sale Sep 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Located in Falconer, New York, this all-brick mixed-use building sits on a corner lot and has a total size of approximately 4,140 square feet on a 0.1538-acre parcel. The main level provides about 1,470 square feet of open-concept commercial space with large street-facing windows, previously configured as Hultman’s Four Coins Restaurant & Lounge, and includes full bar and kitchen infrastructure. The commercial area is suitable for uses such as a bar, café, or retail. Separate entrances serve

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$120k
Assessed land$6k
Assessed improvement$114k

Value estimate

· Sep 2026
$175k
$158k – $193k
NOI build-up
Gross scheduled income$50k
Vacancy & credit loss−$7k
Operating expenses−$16k
NOI · 38.99% cap applied$27k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$100/SF
County average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$44 – $174

Cap rate analysis

How does the asset earn?
38.99%
$27k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
05 - COMMERCIAL
JurisdictionCHAUTAUQUA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.6
Law Firm14.5
Dental Office11.6

Location

232 W Main St Falconer, NY 14733
County assessor Recorded deeds · 1 transfer Comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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