43 Batavia City CtrBatavia, NY 14020

Property Details for 43 Batavia City Ctr

Year built

1978

Lot size

0.08 AC

Property size (Sq ft)

3,691 SF

Property type

Super regional malls

APN

180200 84.049-1-68

APU

18020084049168

Description

This exceptional investment opportunity presents a double-unit office building situated in the heart of Batavia City Centre, currently undergoing common area renovations. Unit A, spanning 2421 square feet, boasts a versatile layout including three offices, seven additional rooms, a spacious waiting area, a multi-functional receptionist area, and two interior City Centre entrances. Additional features include a break room, ample attic storage accessible via pull-down stairs, and two bathrooms. There's potential for a direct exterior entrance from office #1 to the parking lot. Recent upgrades include new carpeting and paint (2022), and an exterior generator hookup is already in place. Currently vacant, this unit is immediately available for lease. Unit B is a storefront restaurant space with convenient direct parking lot access and is currently under a long-term lease, ensuring consistent rental income. This unit benefits from excellent street exposure. The property includes a solar panel system to help offset electricity costs, and the roof is only six years old. The seller has completed a survey to facilitate the separation of Units A and B. Seller financing is a possibility, and all reasonable offers will be considered. This property offers a unique blend of immediate income potential and future growth opportunities in a revitalized city center location. Don't miss this chance to own a piece of Batavia's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $929,425

  6.5%

  $857,931

  7%

  $796,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $869,792

  Geo Method

  $585,146

• Alternative Use

  Use

  Valuation

  Residential

  $723,697

  Hospitality

  $662,902

  Educational

  $551,527

  Medical

  $570,495

  Retail

  $857,931

Location Insight

City

Batavia

County

Genesee

State

New York

Latitude

42.9988

Longitude

-78.1843

CBSA code

12860

CBSA name

BATAVIA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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