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    FOR LEASE
    Manufacturing properties

    37 Coats St, Wellsville, NY 14895

    38,480 SF 7.84 ac lot Built 1961
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US63-2116508
    Property summary
    AI-generated overview

    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
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1961
    Total area 38,480 SF
    Lot 7.84 ac (341,510 SF)
    Zoning code 03 - MULTI-FAMILY
    APN 027001 225.20-1-2
    UPID US63-2116508
    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
    • Kinley Corp formerly Dresser-Rand Factory Industrial Manufacturer
    • Hertz Car Rental - Wellsville - Coats Street (siemens Employees Only) HLE Car Rental Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Wellsville Business Park LLC · 5 yrs held
    Wellsville Business Park LLC
    since 2020
    Last sale
    $300,000
    7 recorded transactions
    2020
    $300,000
    2020
    $104,000
    2020
    2020
    $104,000
    2016
    $9.5M
    2014
    1969
    Zoning & alternative use
    03 - MULTI-FAMILY · Wellsville, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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