8436 State Rte 54, Hammondsport, NY 14840-9795
This exceptional 1,250 square foot mixed-use property, located at 8436 State Route 54 in Hammondsport, NY, presents a unique investment opportunity. Situated on a 0.58-acre lot in a high-traffic, high-visibility area just outside the village, this building offers significant potential. Currently configured as office and retail space, the property boasts a rich history, having previously served as a single-family home. The existing kitchen suggests a straightforward conversion back to residential use if desired. Features include attractive hardwood floors, a full bathroom, and a full basement, providing ample storage and potential for expansion. A new metal roof ensures long-term durability and low maintenance. A detached one-car garage adds further convenience. The property's excellent condition and versatile layout make it ideal for a variety of uses, from continuing its current commercial operation to a complete residential conversion, or a blend of both. The high volume of traffic on State Route 54 guarantees excellent exposure for any business venture. This is a rare opportunity to acquire a well-maintained property in a prime location with significant upside potential. Don't miss out on this chance to capitalize on a thriving business environment. The asking price is $209,995.
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.