Property profile

574 Main St 582 Batavia, NY 14020

OFF-MARKET
Investment properties
Property ID
US63-2320228
5,318 SF 0.62 ac lot Built 1974
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1974
Total area 5,318 SF
Lot 0.62 ac (27,007 SF)
Zoning code I-
APN 180200 84.060-1-28
UPID US63-2320228

Cap rate & NOI

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

Location

574 Main St, Unit 582 Batavia, NY 14020-2740
Batavia metro Census 951000 BATAVIA, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$558k
Blend (final) Blend
$265k

Owner & transaction history

Zoning & alternative use

I- · Batavia, 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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