Property profile

84 Main St Wellsville, NY 14895

OFF-MARKET
Investment properties
Property ID
US63-4134899
960 SF 0.06 ac lot Built 1960
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1960
Total area 960 SF
Lot 0.06 ac (2,614 SF)
Zoning code 05 - COMMERCIAL
APN 027001 239.37-1-39
UPID US63-4134899

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Physician
  • Physician

Location

84 Main St Wellsville, NY 14895-1250
Wellsville metro Census 950700
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$75k

Owner & transaction history

Zoning & alternative use

05 - COMMERCIAL · Wellsville, 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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