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    FOR SALE
    Grocery and convenience stores

    3 Geddes Street Ext, Holley, NY 14470

    21,075 SF 1.5 ac lot Built 1969
    Entity Owned 13-yr Hold Free & Clear
    Property ID
    US63-2927912
    Property summary
    AI-generated overview

    This exceptional 21,075 square foot commercial property in Holley, NY, presents a unique investment opportunity. Situated on a 1.5-acre lot, this building boasts extensive space ideal for a grocery store, fulfilling a critical need in a designated food desert. Existing infrastructure includes coolers, freezers, and meat prep areas, significantly reducing startup costs. A currently leased pharmacy within the building provides immediate supplemental income. The property's strategic location in a college town ensures high foot traffic and convenient access for deliveries. Beyond grocery, the substantial warehouse space, complete with a loading dock, drive-in doors, and ample office space, is perfect for storage or manufacturing, benefiting from its highway proximity. The village actively encourages a new grocery store, and potential buyers may qualify for low-cost loans and grants. This versatile property offers significant upside potential for both investors and business owners seeking a prime location with substantial existing assets. The open space allows for a wide range of business ventures. Low storage rental rates are available for the entire building.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 1969
    Total area 21,075 SF
    Lot 1.5 ac (65,340 SF)
    Zoning code C1
    APN 343201 88.5-2-53
    UPID US63-2927912
    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
    • Holley Pharmacy Pharmacy
    • John M. Carl, RPh Pharmacy
    • Lucas J. Miller, Pharm Pharmacy
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.48M
    Owner & transaction history
    Sabir & Kaukab LLC · 13 yrs held
    Sabir & Kaukab LLC
    since 2012
    2 recorded transactions
    2012
    2007
    $300,000
    Zoning & alternative use
    C1 · Holley, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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