4860 Route 430Bemus Point, NY 14712

Property Details for 4860 Route 430

Year built

1992

Lot size

2.30 AC

Property size (Sq ft)

3,648 SF

Zone code

07 - MIXED

Property type

Turn key restaurants

APN

063689 298.00-1-21

APU

6368929800121

Description

This exceptional investment opportunity presents a 2.3-acre industrial property located at 4860 Route 430 in Ellery, Chautauqua County, New York, 14712. The property is zoned for commercial and warehouse use and includes a substantial existing structure. Currently generating income from multiple revenue streams, this property offers significant potential for growth and return on investment. A 1700 sq ft apartment on the property is currently rented for $1500 per month, inclusive of utilities. Furthermore, 26 fully rented 10x10 and 10x15 storage units generate additional monthly income, with $75 and $85 monthly rent respectively, and space available to add more units. The asking price for this turnkey operation is $625,000. Please note that a minimum of four days' notice is required for showings. Access to certain areas, including the kitchen, coolers, freezers, and cupboards, is restricted. Proof of funds is required to schedule a showing. This property represents a rare chance to acquire a well-established, income-producing asset in a desirable location. The property's strategic location and diverse income streams make it an attractive investment for both seasoned and emerging investors. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,028,558

  6.5%

  $949,438

  7%

  $881,621

• Comparable approach

  Method

  Valuation

  Relative Method

  $899,359

  Geo Method

  $1,838,040

• Alternative Use

  Use

  Valuation

  Residential

  $800,887

  Hospitality

  $733,608

  Educational

  $610,353

  Medical

  $631,344

  Retail

  $949,438

Location Insight

City

Bemus Point

County

Chautauqua

State

New York

Latitude

42.2025

Longitude

-79.4192

CBSA code

27460

CBSA name

JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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