205 Fall StSeneca Falls, NY 13148

Property Details for 205 Fall St

Year built

1970

Lot size

0.40 AC

Property size (Sq ft)

2,480 SF

Zone code

C-2

Property type

Drive through restaurants

APN

453289 14-1-58

APU

45328914158

Description

This exceptional investment opportunity presents a 2,481-square-foot retail building situated at 205 Fall Street in Seneca Falls, New York. The property, built in 1970, is classified as Class C and sits on a 0.4-acre lot (APN 14-1-58) with C-2, Highway Commercial zoning. Its strategic location at a signalized intersection provides high visibility and accessibility from three streets, including a corner lot leading to a bridge crossing the river. The building features ample parking for 17 vehicles. This high-traffic area boasts an impressive 11,331 AADT (average annual daily traffic). The property's pylon signage offers excellent branding potential. The surrounding demographics are strong, with a population of 5,150 within one mile and 12,633 within three miles, and a median income of $50,067. Previously used as a convenience store, this versatile space is ideal for a variety of uses, including service providers, retail stores, car dealerships, or medical offices. The asking price for this remarkable property is $150,000. Don't miss this chance to acquire a well-positioned commercial property in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $588,703

  6.5%

  $543,418

  7%

  $504,603

• Comparable approach

  Method

  Valuation

  Relative Method

  $570,952

  Geo Method

  $816,573

• Alternative Use

  Use

  Valuation

  Residential

  $458,394

  Hospitality

  $419,886

  Educational

  $349,340

  Medical

  $361,355

  Retail

  $543,418

Location Insight

City

Seneca Falls

County

Seneca

State

New York

Latitude

42.9101

Longitude

-76.8063

CBSA code

42900

CBSA name

SENECA FALLS, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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