17 Washington StEllicottville, NY 14731

Property Details for 17 Washington St

Year built

1890

Lot size

0.20 AC

Property size (Sq ft)

9,987 SF

Zone code

05 - COMMERCIAL

Property type

Office buildings

APN

043601 55.035-5-1

APU

436015503551

Description

This stunning 1887 building, situated in the heart of Ellicottville, NY, presents a unique investment opportunity. Completely remediated by the previous owner, this historic landmark is ready for its next chapter. Boasting 19,974 square feet across two floors, the property offers a versatile layout with numerous studios of varying sizes. Its prime location provides immediate access to Ellicottville's vibrant village atmosphere, including its renowned dining, shopping, and attractions. The spacious interior is bathed in natural light from large windows, offering ample opportunity for customization to suit a variety of uses. Potential uses include boutique retail spaces, office suites, or a distinctive residential conversion project. The full basement provides additional storage and features access to an indoor parking garage, a rare amenity in this location. Public records only reflect the first floor square footage

• CAP approach

  CAP return

  Valuation

  6%

  $1,811,746

  6.5%

  $1,672,381

  7%

  $1,552,925

• Comparable approach

  Method

  Valuation

  Relative Method

  $955,473

  Geo Method

  $1,174,622

• Alternative Use

  Use

  Valuation

  Residential

  $2,073,752

  Hospitality

  $1,899,546

  Educational

  $1,580,400

  Medical

  $1,634,752

  Retail

  $2,458,400

Location Insight

City

Ellicottville

County

Cattaraugus

State

New York

Latitude

42.2748

Longitude

-78.6721

CBSA code

36460

CBSA name

OLEAN, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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