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    Property profile & analytics
    OFF-MARKET Estimated value $1,315,000
    Strip malls

    2898 Westinghouse Rd, Horseheads, NY 14845-8196

    66,514 SF 10.9 ac lot Built 1987
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US63-5592669
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Jubilee Foods Specialty Food Shop Supermarket
    • Picnic Pizza Restaurant
    • Dragon Wok Restaurant
    • Bagels and Blarney (Bike/Boat/Book/etc) Store Bakery
    • Horseheads Family Dental Care Dental Office
    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
    Ten Patels Horseheads LLC · 8 yrs held
    Ten Patels Horseheads LLC
    since 2018
    1 recorded transaction
    2018
    $5.4M
    Zoning & alternative use
    VH10 · Horseheads, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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