574 Main St, Unit 582 Batavia, NY 14020-2740
- Investment properties
- 5,318 SF
- 0.62 lot acres
Current Use by Public Records
- Investment properties
Property Details for 574 Main St
- Year built
- 1974
- Lot size
- 0.62 lot acres
- Property size
- 5,318 SF
- Zone code
- I-
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 180200 84.060-1-28
- APU
- 18020084060128
Description
This exceptional commercial property at 574 E Main St, Batavia, NY presents a compelling investment opportunity. Boasting 7,006 square feet on a 0.62-acre lot, this building is ideally situated at the corner of Routes 5 & 33, ensuring high traffic and excellent visibility. Currently operating as a dry cleaning/laundromat, the existing equipment is negotiable as part of the sale. The property's versatile design allows for various uses, including conversion into a multi-tenant building, owner-user space, or a single-tenant lease for retail or office purposes. The robust block construction with a concrete floor and a 220V/3ph electrical service provides a solid foundation for any business. Adding to the investment potential, a multi-family home is included on the western corner of the lot, offering additional income streams or expansion possibilities. This prime location in Batavia, NY, offers unparalleled access to a large customer base and significant growth potential. The asking price for this exceptional property is $587,500. This is a rare opportunity to acquire a substantial commercial property with significant upside in a thriving market. Don't miss out on this chance to secure a valuable asset in a high-demand area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $360,000
- 6.5%
- $355,000
- 7%
- $335,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $405,000
- Geo Method
- $345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $355,000
- Retail
- $335,000
- Mixed-Use
- $390,000
- Hospitality
- $395,000
- Educational
- $425,000
- Residential Income
- $315,000
- Energy
- $410,000
- Income-Based Land
- $430,000
- Food Service
- $405,000
Location Insight
- Map
- Local Demand
- City
- Batavia
- County
- Genesee
- State
- New York
- Longitude
- -78.1649
- Latitude
- 42.9947
- CBSA code
- 12860
- CBSA name
- BATAVIA, NY MICROPOLITAN STATISTICAL AREA