8434 State Rte 54, Hammondsport, NY 14840
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B · Hammondsport, NYHammondsport. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.