Property profile

37 Coats St Wellsville, NY 14895

FOR LEASE
Manufacturing properties
Property ID
US63-2116508
38,480 SF 7.84 ac lot Built 1961
Entity Owned 5-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Factory Industrial Manufacturer
  • Car Rental Facility

Location

37 Coats St Wellsville, NY 14895
Wellsville metro Census 950700
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2020
Last sale
$300,000
7 recorded transactions
2020
$300,000
2020
$104,000
2020
Price N/A
2020
$104,000
2016
$9.5M
2014
Price N/A
1969
Price N/A

Zoning & alternative use

03 - MULTI-FAMILY · Wellsville, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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