421 2Nd StYoungstown, NY 14174

Property Details for 421 2Nd St

Year built

1982

Lot size

0.88 AC

Property size (Sq ft)

2,450 SF

Property type

Banks

APN

293401 45.18-3-29

APU

2934014518329

Description

This exceptional 2,450-square-foot retail storefront, located at 421 2nd Street in Youngstown, New York, presents a unique investment opportunity. Originally constructed in 1982 and extensively renovated in 2013, the property boasts a highly desirable single-tenant occupancy. The space is currently vacant and ready for immediate use. Its previous use as a bank branch provides a wealth of built-in features ideal for a variety of businesses. Key features include four teller stations complete with safes, a drive-thru station, secure vaults, safe deposit boxes, a manager's office, a break room, and ample work stations. The property is situated in Niagara County, New York, with convenient access to major transportation routes and a thriving local community. The building's 2013 renovation ensures modern amenities and a move-in ready condition, minimizing upfront capital expenditures. This turnkey solution offers significant potential for a wide range of retail ventures seeking a well-equipped and strategically located space in Youngstown, NY. The property's size and layout provide flexibility for customization to suit specific business needs. With its impressive features and prime location, this property represents a compelling opportunity for discerning investors and business owners alike. The zip code is 14174.

• CAP approach

  CAP return

  Valuation

  6%

  $653,321

  6.5%

  $603,066

  7%

  $559,990

• Comparable approach

  Method

  Valuation

  Relative Method

  $590,667

  Geo Method

  $557,039

• Alternative Use

  Use

  Valuation

  Residential

  $508,709

  Hospitality

  $465,974

  Educational

  $387,685

  Medical

  $401,018

  Retail

  $603,066

Location Insight

City

Youngstown

County

Niagara

State

New York

Latitude

43.2498

Longitude

-79.0487

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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