Property profile

421 2Nd St Youngstown, NY 14174

FOR LEASE
Banks
Property ID
US63-1802352
2,450 SF 0.88 ac lot Built 1982
Individually Owned 14-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,450-square-foot retail storefront, located at 421 2nd Street in Youngstown, New York, presents a unique investment opportunity. Originally constructed in 1982 and extensively renovated in 2013, the property boasts a highly desirable single-tenant occupancy. The space is currently vacant and ready for immediate use. Its previous use as a bank branch provides a wealth of built-in features ideal for a variety of businesses. Key features include four teller stations complete with safes, a drive-thru station, secure vaults, safe deposit boxes, a manager's office, a break room, and ample work stations. The property is situated in Niagara County, New York, with convenient access to major transportation routes and a thriving local community. The building's 2013 renovation ensures modern amenities and a move-in ready condition, minimizing upfront capital expenditures. This turnkey solution offers significant potential for a wide range of retail ventures seeking a well-equipped and strategically located space in Youngstown, NY. The property's size and layout provide flexibility for customization to suit specific business needs. With its impressive features and prime location, this property represents a compelling opportunity for discerning investors and business owners alike. The zip code is 14174.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1982
Total area 2,450 SF
Lot 0.88 ac (38,148 SF)
APN 293401 45.18-3-29
UPID US63-1802352

Cap rate & NOI

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

Location

421 2Nd St Youngstown, NY 14174
Youngstown metro Census 24501 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2012
1 recorded transaction
2012
$320,000

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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More about this property
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