Property summary
This 9,870 square foot commercial building presents a compelling investment opportunity in Wellsville, NY's vibrant retail district. Situated on a 0.13-acre lot at 84 N Main St, the property boasts a well-maintained and updated structure with existing leases in place, generating a current monthly revenue of $2,240. The building features two distinct retail storefronts. One storefront is secured by a three-year lease, while the other houses several rental spaces sharing a common entrance. This section currently operates as a thriving business center, housing a diverse tenant mix including a hair dresser, tattoo artist, barber, facial spa, and a holistic boutique. The clean, dry, and climate-controlled basement offers additional potential as a storage rental space. All units are currently occupied, providing immediate cash flow. Financial records are available upon request. This property offers a strong foundation for continued growth and income generation, with numerous possibilities for future development and expansion within the established retail environment. The strategic location in the heart of Wellsville's commercial area ensures high visibility and accessibility for tenants and customers alike. This is an exceptional opportunity for investors seeking a stable, income-producing asset with significant upside potential.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
05 - COMMERCIAL · Wellsville, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for 05 - COMMERCIAL in Wellsville, NY.
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Find the owner behind the property.
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