127 Main StDansville, NY 14437

  • Investment properties
  • 3,064 SF
For Sale
$173,000 View listing

Property Details for 127 Main St

Year built
1943
Lot size
0.05 AC
Property size (Sq ft)
3,064 SF
Zone code
05 - COMMERCIAL
Property type
Investment properties
Property subtype
Live-work space
APN
243801 203.11-2-70
APU
24380120311270

Description

This exceptional investment opportunity presents a newly constructed bar and restaurant located at 127 Main St, Dansville, NY. The property boasts a generous 4,324 square feet of space situated on a conveniently sized 0.05-acre lot. The building is practically brand new, featuring recently installed flooring, a modern bar, top-of-the-line equipment, and efficient heating and cooling systems. The fully equipped kitchen is ready for immediate operation, ensuring a seamless transition for the new owner. Adding to the appeal is a remodeled one-bedroom apartment, offering additional income potential or comfortable owner's quarters. This turnkey business is poised for immediate profitability, offering a rare chance to acquire a well-established operation with minimal upfront investment in renovations or equipment. The motivated sellers are eager to find the right buyer, making this an exceptional opportunity for investors seeking a high-return venture in a thriving community. All systems are new, minimizing maintenance concerns and maximizing operational efficiency. The property's prime location on Main Street in Dansville, NY, ensures high visibility and accessibility for customers. This is a truly unique opportunity to own a profitable and well-equipped establishment. The asking price is $173,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $494,785
    6.5%
    $456,724
    7%
    $424,101
  • Comparable approach

    Method
    Valuation
    Relative Method
    $279,921
    Geo Method
    $192,756
  • Alternative Use

    Use
    Valuation
    Residential
    $566,338
    Hospitality
    $518,763
    Educational
    $431,604
    Medical
    $446,448
    Retail
    $671,385

Location Insight

City
Dansville
County
Livingston
State
New York
Latitude
42.5593
Longitude
-77.6947
CBSA code
40380
CBSA name
ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$2,817
$11,000
$72,500
$83,500
-
$11,461
$75,539
$87,000

FAQs

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