338 Childs StAlbion, NY 14411

Property Details for 338 Childs St

Year built

1950

Lot size

0.74 AC

Property size (Sq ft)

5,100 SF

Property type

Auto shops

APN

342001 73.7-1-25.11

APU

34200173712511

Description

This exceptional 5,600 square foot commercial building, located at 338 Childs Street in Albion, NY, presents a unique investment opportunity. Situated on a 0.74-acre lot, the property boasts a recently completed Phase 1 (February 23, 2023), ensuring a clean and issue-free transition for the new owner. The current business enjoys a diverse clientele, including contracts with the village, county, and two correctional facilities. All existing customer contacts will transfer with the sale, providing immediate revenue streams. The sale includes all necessary equipment, excluding the current technician's personal tools. A significant advantage is the seller's willingness to remain for three years as a technician, facilitating a seamless transition and preserving valuable relationships with established clients. This ensures continuity and minimizes disruption to the ongoing operations. The seller's extensive knowledge of the business and its customer base represents an invaluable asset for the buyer. An adjacent vacant lot is also available for purchase, offering potential for expansion or future development. This turnkey operation presents a compelling opportunity for a savvy investor seeking a profitable and established commercial venture. The asking price is $485,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,284,222

  6.5%

  $1,185,436

  7%

  $1,100,762

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,201,826

  Geo Method

  $808,519

• Alternative Use

  Use

  Valuation

  Residential

  $999,960

  Hospitality

  $915,958

  Educational

  $762,066

  Medical

  $788,275

  Retail

  $1,185,436

Location Insight

City

Albion

County

Orleans

State

New York

Latitude

43.244

Longitude

-78.1829

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].