Property profile

2898 Westinghouse Rd Horseheads, NY 14845

FOR LEASE
Strip malls
Property ID
US63-5592669
66,514 SF 10.9 ac lot Built 1987
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity is located within the established Village Plaza in Horseheads, New York, offering 4,000 square feet of vacant space within a larger 66,514 square foot building. The property boasts a prime location on Westinghouse Road, a major thoroughfare with high visibility and traffic volume, ensuring excellent exposure for your business. The space itself includes two restrooms, a dedicated office area, ample storage, and a large, open area adaptable to various retail concepts. The single-story, Class B building sits on 10.11 acres of land and is part of a thriving shopping center. Village Plaza features a strong tenant mix, including well-known businesses such as Jubilee, Rite Aid, Allstate, Picnic Pizza, and Snap Fitness, creating a synergistic environment and attracting a substantial customer base. The property's convenient location near numerous residential areas and its proximity to Watkins Glen further enhance its appeal. This is an ideal space for a variety of retail businesses seeking a high-traffic location in a well-established shopping center. The available space is easily customizable to meet the specific needs of a new tenant. This is a rare opportunity to establish a presence in a successful and vibrant retail environment. The property is situated in Chemung County, New York, with a zip code of 14845.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Total area 66,514 SF
Lot 10.9 ac (474,804 SF)
Zoning code VH10
APN 073401 48.20-5-8.2
UPID US63-5592669

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Specialty Food Shop Supermarket
  • Restaurant
  • Restaurant
  • (Bike/Boat/Book/etc) Store Bakery
  • Dental Office

Location

2898 Westinghouse Rd Horseheads, NY 14845
Horseheads metro Census 10400 ELMIRA, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$840k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.79M
Blend (final) Blend
$1.32M

Owner & transaction history

since 2018
1 recorded transaction
2018
$5.4M

Zoning & alternative use

VH10 · Horseheads, NY

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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