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    OFF-MARKET
    Auto shops

    8434 State Rte 54, Hammondsport, NY 14840

    1,080 SF 0.35 ac lot Built 1970
    Individually Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US63-2742354
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 8434 State Route 54 in Hammondsport, NY, presents a unique investment opportunity. The property boasts a prime location just outside the village, ensuring high visibility and significant traffic volume along State Route 54. The main building, a modern steel structure, offers 2400 square feet of insulated and heated space, perfect for a variety of commercial uses. High overhead doors provide easy access for larger equipment or vehicles. Currently configured as a mechanical building for boat service and repair, this space is adaptable to many other businesses. A second building, totaling 1080 square feet, is currently used for parts storage and general storage, but its flexible layout allows for diverse reconfiguration options to suit a business's specific needs. Both buildings sit on a desirable 0.35-acre lot, a highly sought-after size for commercial ventures in this area. The total square footage across both buildings is 3480 square feet. The asking price for this turnkey commercial property is $219,995. This presents a rare chance to acquire a well-maintained, strategically located commercial property with significant potential for growth and profitability. The property's existing infrastructure and prime location make it an ideal investment for entrepreneurs and businesses seeking a strong foothold in the Hammondsport market.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1970
    Total area 1,080 SF
    Lot 0.35 ac (15,246 SF)
    Zoning code B
    APN 467289 118.13-01-019.200
    UPID US63-2742354
    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
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Stephen W Veley · 1 yrs held
    Stephen W Veley
    since 2025
    3 recorded transactions
    2025
    $210,000
    2018
    $95,000
    2018
    Zoning & alternative use
    B · Hammondsport, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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