9971 Route 16Delevan, NY 14042

Property Details for 9971 Route 16

Year built

1970

Lot size

2.02 AC

Property size (Sq ft)

1,280 SF

Zone code

01 - NOT ZONED

Property type

Gas stations

APN

045800 21.060-1-52

APU

4580021060152

Description

This exceptional 1,280 square foot commercial property, situated on a 2.02-acre lot in the Lime Lake cottage district, presents a unique investment opportunity. Located on Route 16, this former convenience store enjoys high visibility with an estimated daily traffic count of approximately 5,000 vehicles. Its strategic location is just 8 miles north of Franklinville and 4 miles south of Delevan, ensuring convenient access for both locals and tourists. The property includes a 0.66-acre pond, adding to its appeal and potential uses. The building itself is in excellent condition, having undergone significant upgrades in 2022. These improvements include a new Heil 2-stage forced air furnace, a modern water filtration system, and exterior facade enhancements. Interior features include walk-in coolers, a three-bay sink, a dedicated utility room, a bathroom, and a spacious sales area. Essential utilities are readily available, including electricity, natural gas, a water well, and public sewer connection. While the fuel canopy and associated equipment have been removed, the property's existing infrastructure and prime location offer considerable potential for a variety of commercial ventures. The building's solid condition and recent upgrades minimize immediate capital expenditure needs, making this an attractive proposition for discerning investors.

• CAP approach

  CAP return

  Valuation

  6%

  $341,327

  6.5%

  $315,071

  7%

  $292,566

• Comparable approach

  Method

  Valuation

  Relative Method

  $308,593

  Geo Method

  $202,922

• Alternative Use

  Use

  Valuation

  Residential

  $265,774

  Hospitality

  $243,448

  Educational

  $202,546

  Medical

  $209,512

  Retail

  $315,071

Location Insight

City

Delevan

County

Cattaraugus

State

New York

Latitude

42.4338

Longitude

-78.4806

CBSA code

36460

CBSA name

OLEAN, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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