Property summary
This exceptional commercial property in Wellsville, New York, presents a significant leasing opportunity. The property encompasses three buildings totaling 398,007 square feet situated on a sprawling 100-acre lot. The complex includes a prominent 40,000-square-foot, two-story office building ideally located at the corner of Coats Street and O'Connor Street, offering excellent street visibility and convenient upper and lower-level parking. A second, smaller 16,000+ square foot office building connects this main office to the expansive warehouse facility. Both office buildings are currently vacant and adaptable to various business needs. The substantial 340,000+ square foot warehouse, built in 1961 and renovated in 2020, is partially occupied by five existing tenants with varying lease terms. This warehouse features a flexible layout, easily divisible into smaller units, and boasts two dock-high doors in a dedicated receiving area. The warehouse offers a vast open floor plan with three distinct ceiling heights: 50 feet, 26 feet, and 15 feet. The property is zoned for General Industrial use in Allegany County and benefits from ample water and electric provisions. The current owners have diligently maintained the property, ensuring it meets the needs of its tenants. The address is 37 Coats St, Wellsville, NY 14895. This property is conveniently located off Riverside Drive, near various amenities including the Wellsville Country Club, and major retailers.
Property profile
VerifiedCap rate & NOI
Current use
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Factory Industrial Manufacturer
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Car Rental Facility
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
03 - MULTI-FAMILY · Wellsville, NYZoning
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Zoning designation
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The district profile from the municipal source: what is on file for 03 - MULTI-FAMILY in Wellsville, NY.
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