9693 Main StMachias, NY 14101

Property Details for 9693 Main St

Year built

1982

Lot size

0.15 AC

Property size (Sq ft)

800 SF

Zone code

01 - NOT ZONED

Property type

Gas stations

APN

045800 21.020-4-1

APU

458002102041

Description

This exceptional 800-square-foot commercial property, situated on a 0.15-acre corner lot at 9693 Main St in Machias, NY, presents a unique investment opportunity. Currently operating as a service station, its prime location benefits from high daily traffic counts, further enhanced by its proximity to Lime Lake and the newly established Great Lakes Cheese Factory. This strategic positioning ensures consistent customer flow and strong potential for continued success. Adding to its appeal is the adjacent building, which comprises four rental apartments. These units offer a diversified income stream, including a studio apartment and three two-bedroom, one-bathroom apartments. The existing structure provides immediate income potential, while the expansive corner lot offers significant flexibility for future expansion or development. This property is ideal for an entrepreneur seeking a turnkey business with built-in rental income or an investor looking for a strong return on investment in a thriving location. The combination of a well-established service station and lucrative rental units makes this a truly exceptional opportunity. Consider the possibilities of this high-traffic location and the potential for growth in this dynamic area. The property is priced at $649,900.

• CAP approach

  CAP return

  Valuation

  6%

  $167,274

  6.5%

  $154,407

  7%

  $143,378

• Comparable approach

  Method

  Valuation

  Relative Method

  $79,597.60

  Geo Method

  $52,341.10

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $302,473

  Mixed-Use / Specialty

  $153,306

  Hospitality / Lodging

  $111,758

  Office

  $151,821

  Institutional / Educational

  $159,179

  Residential Income

  $186,239

  Multifamily

  $226,421

  Automotive / Energy

  $136,439

  Parking / Income-Based Land

  $47,628.10

  Restaurant / Food Service

  $78,558.90

  Healthcare / Senior Housing

  $157,777

Location Insight

City

Machias

County

Cattaraugus

State

New York

Latitude

42.4192

Longitude

-78.4946

CBSA code

36460

CBSA name

OLEAN, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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