3327 Chambers Rd Horseheads, NY 14845-1401
Property profile & analytics
3327 Chambers Rd Horseheads, NY 14845-1401
- Drive through restaurants
- 3,719 SF
- 2.08 lot acres
Property ID
US63-2246947
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
- McDonald's / Restaurant / Take-out & Catering
Property Details for 3327 Chambers Rd
- Year built
- 1984
- Lot size
- 2.08 lot acres
- Property size
- 3,719 SF
- Zone code
- 06 - INDUSTRIAL
- Property type
- Drive through restaurants
- APN
- 072400 57.02-2-58.1
- APU
- 7240057022581
Description
This exceptional investment opportunity presents a 3,719-square-foot McDonald's restaurant located at 3327 Chambers Rd, Horseheads, NY 14845, in Chemung County. The property sits on a 2.08-acre lot and includes 52 parking spaces. Built in 1984 and extensively renovated in 2023, this single-story building boasts a 100% occupancy rate under an absolute NNN lease with McDonald's, expiring August 1, 2034. The lease features a remaining term of 9.7 years, with a 10% rent increase scheduled for 2029 and similar increases built into four 5-year options. The current Net Operating Income (NOI) is $60,000, yielding a 4.25% cap rate on the $1,412,000 asking price. This McDonald's enjoys a prime location across from the 1.1 million-square-foot Arnot Mall, a major shopping destination with numerous national retailers. The property also benefits from its proximity to several other significant retail centers, including Big Flats Consumer Square and Southern Tier Crossing, creating a strong synergy and high customer traffic. This location consistently ranks among the top two-thirds of McDonald's nationally. The property's strong tenant, long-term lease, recent renovation, and strategic location make it an attractive investment opportunity with significant potential for future growth.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Horseheads
- County
- Chemung
- State
- New York
- Longitude
- -76.8791
- Latitude
- 42.1609
- CBSA code
- 21300
- CBSA name
- ELMIRA, NY METROPOLITAN STATISTICAL AREA
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
2020
$0.00
$509,400
$370,600
$880,000
-
$541,915
$394,255
$936,170
