222 Pine StSouth Dayton, NY 14138

Property Details for 222 Pine St

Year built

1930

Lot size

0.13 AC

Property size (Sq ft)

2,880 SF

Zone code

CONF

Property type

Office buildings

APN

043001 33.033-5-51

APU

4300133033551

Description

This unique commercial property, located at 222 Pine St., South Dayton, NY 14138, presents a compelling redevelopment opportunity. The asking price is $30,000. The property encompasses a substantial 5,760 square feet and includes two parcels of land extending from Pine Street to First Street, incorporating a vacant lot behind the main structure. The main building boasts a rich history, having served as the village's theatre, followed by tenancies from the American Legion and Amerigas. However, years of deferred maintenance have resulted in significant damage, including mold infestation, requiring substantial rehabilitation. The property's size and location in Cattaraugus County offer considerable potential for a variety of commercial uses, appealing to investors seeking a project with significant upside. The property's unique history and substantial land area make it an attractive proposition for adaptive reuse projects. Serious inquiries are encouraged to explore the full potential of this remarkable property. The property is classified as Special Purpose and Land, with no individual units. The latitude and longitude coordinates are 42.3617891 and -79.0506238 respectively.

• CAP approach

  CAP return

  Valuation

  6%

  $625,996

  6.5%

  $577,843

  7%

  $536,568

• Comparable approach

  Method

  Valuation

  Relative Method

  $281,745

  Geo Method

  $575,827

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,132,320

  Retail / Commercial

  $581,691

  Mixed-Use / Specialty

  $580,437

  Hospitality / Lodging

  $426,916

  Institutional / Educational

  $603,714

  Residential Income

  $706,345

  Multifamily

  $842,606

  Automotive / Energy

  $517,469

  Parking / Income-Based Land

  $177,762

  Restaurant / Food Service

  $303,640

  Healthcare / Senior Housing

  $594,386

Location Insight

City

South Dayton

County

Cattaraugus

State

New York

Latitude

42.3617

Longitude

-79.0505

CBSA code

36460

CBSA name

OLEAN, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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