120 Orvis StMassena, NY 13662

Property Details for 120 Orvis St

Year built

1970

Lot size

0.26 AC

Property size (Sq ft)

2,426 SF

Zone code

CAR

Property type

Auto shops

APN

405801 9.067-4-8

APU

405801906748

Description

This 2,426 square foot commercial building located at 120 E Orvis St, Massena, NY presents a remarkable business opportunity. Situated on a busy Massena street, the property currently houses a well-established used car sales business with a loyal customer base and a full-time mechanic. The building features two operational repair bays, each equipped with a lift (one drive-on and one two-post). There's significant potential for expansion, with space for at least two additional bays. One bay is readily adaptable for a car detailing business, generating immediate additional income. The property also includes a sizable office, a restroom, and a large paved parking lot. Heating is provided by electric in the office and restroom, and new natural gas heaters in the garage bays. A gas heater is also present in the potential wash bay, while another bay offers cold storage. The exterior is finished with vinyl siding. For those seeking further expansion, adjacent properties are available for purchase, offering the possibility of increased space or additional rental income. Currently, there are long-term tenants in a duplex or two single-family homes on the adjacent properties, providing a consistent rental stream. This turnkey operation offers immediate income and significant growth potential. The asking price is $329,000.

• CAP approach

  CAP return

  Valuation

  6%

  $885,904

  6.5%

  $817,758

  7%

  $759,347

• Comparable approach

  Method

  Valuation

  Relative Method

  $804,162

  Geo Method

  $798,792

• Alternative Use

  Use

  Valuation

  Residential

  $689,809

  Hospitality

  $631,862

  Educational

  $525,701

  Medical

  $543,781

  Retail

  $817,758

Location Insight

City

Massena

County

St. Lawrence

State

New York

Latitude

44.9294

Longitude

-74.8866

CBSA code

36300

CBSA name

OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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