Property profile

40 S Main St Prattsburgh, NY 14873

FOR SALE
Manufacturing properties
Property ID
US63-1949316
19,804 SF 1.32 ac lot Built 1970
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property in Prattsburgh, NY, presents a unique investment opportunity. The 26,000 square foot facility comprises two buildings situated on a 1.32-acre lot (APN: 047.08-01-054). Building 1, approximately 20,000 square feet, features 1,800 square feet of office space, a 15' x 13' grade-level door, substantial power suitable for welding operations, and an 1,800 square foot mezzanine ideal for additional offices or parts storage. Building 2 offers 6,000 square feet with a 14' x 12' grade-level door, previously utilized for storing finished goods and raw materials. The property is classified as Class C, currently vacant, and offers significant potential for diverse uses. Its convenient location, just 15 minutes from Exit 38 of I-86/I-390, enhances its accessibility and appeal. This former Air Flo Manufacturing facility is priced competitively at $175,000, making it an attractive proposition for investors seeking a versatile industrial space in a strategic location. The property's single-story design and ample space provide flexibility for various business needs. This is a rare opportunity to acquire a substantial industrial property in a desirable location at an attractive price point.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1970
Total area 19,804 SF
Lot 1.32 ac (57,499 SF)
APN 466000 047.08-01-054.000
UPID US63-1949316

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

40 S Main St Prattsburgh, NY 14873
Prattsburgh metro Census 960200 CORNING, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k

Owner & transaction history

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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