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    OFF-MARKET
    Investment properties

    6 Water St, Cuba, NY 14727-1006

    3,960 SF 0.5 ac lot Built 1920
    Individually Owned 18-yr Hold Free & Clear
    Property ID
    US63-3672821
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 6 Water Street in the charming tourist village of Cuba, NY, presents a unique investment opportunity. Situated directly across from the popular Cuba Cheese Store and near Cuba Lake and Rushford Lake, this building enjoys a high-traffic location on the 86 Corridor. The solid brick structure boasts approximately 3,960 square feet of space spread across four floors, including a basement and attic, totaling nearly 8,000 square feet. Previously operating as a successful antique shop for 16 years, the building currently houses multiple vendors. Its rich history includes a past life as an ice house, with an original freight elevator still intact – a fascinating feature with potential for restoration. The expansive .5-acre lot provides ample parking. The building's versatile layout offers significant potential for a variety of commercial uses, including, but not limited to, a brewery, distillery, or multiple retail shops. Furthermore, the property previously included living quarters, presenting an option for on-site residential renovation. This is a rare opportunity to acquire a substantial commercial building in a highly desirable location with significant historical character and redevelopment possibilities. The property's prime location and substantial size make it an ideal investment for a business-minded entrepreneur seeking a unique and established location.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1920
    Total area 3,960 SF
    Lot 0.5 ac (21,780 SF)
    APN 024801 166.19-4-46.2
    UPID US63-3672821
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Cuba Antiques Home Decor Store (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    James Kocher · 18 yrs held
    James Kocher
    since 2008
    1 recorded transaction
    2008
    $87,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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