3186 Andover Rd Wellsville, NY 14895-9551
Property profile & analytics
3186 Andover Rd Wellsville, NY 14895-9551
- Motels
- 7,038 SF
- 2.80 lot acres
Property ID
US63-0064418
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Best Inn / Hotel & Motel
Property Details for 3186 Andover Rd
- Year built
- 1959
- Lot size
- 2.80 lot acres
- Property size
- 7,038 SF
- Zone code
- 01 - NOT ZONED
- Property type
- Motels
- APN
- 027089 226.-1-20
- APU
- 27089226120
Description
This 20-key motel in Wellsville, NY presents a compelling investment opportunity. The 7,038 square foot property, built in 1959 and extensively renovated in 2024, boasts a strong 11.40% cap rate and a net operating income (NOI) of $105,444. Priced at $925,000 ($131.43/sq ft and $46,250/key), this stabilized investment offers significant potential. The motel features 30 beds across its 20 rooms and includes a large owner/manager suite. Situated on a 2.96-acre lot at 3186 Andover Rd, Wellsville, NY 14895, the property benefits from a high daily traffic count of 3,798 vehicles. Its strategic location near Alfred State College, Alfred University, and Houghton University ensures a consistent stream of guests. Furthermore, its proximity to the large Ljungström Headquarters across the street provides additional visibility and access to amenities. The property includes ample parking with 21 spaces per key. This is a rare opportunity to acquire a well-maintained, high-performing motel in a desirable location with strong growth potential. The permitted zoning is 01-NOT Z.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wellsville
- County
- Allegany
- State
- New York
- Longitude
- -77.9123
- Latitude
- 42.1345
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$26,200
$153,800
$180,000
-
$36,389
$213,611
$250,000
