85 Main StRandolph, NY 14772

  • Investment properties
  • 1,500 SF
For Sale
$45,000 View listing

Property Details for 85 Main St

Year built
1960
Lot size
0.41 AC
Property size (Sq ft)
1,500 SF
Zone code
C-2
Property type
Investment properties
Property subtype
Live-work space
APN
047600 70.072-2-23
APU
4760070072223

Description

This 1,500-square-foot mixed-use building at 85 Main St., Randolph, NY 14772, presents a unique investment opportunity. Built in 1950, this single-story structure sits on a 0.41-acre lot with 125 feet of road frontage, ensuring high visibility in a high-traffic area. The property features two overhead doors and two man doors, ideal for storage or conversion into a workshop or small business. While a half-bath previously existed, it's no longer functional. The building currently has electricity, but heat, water, and gas have been disconnected. An in-floor air lift is present. The metal siding and roof are in place. The property benefits from its location adjacent to a snowmobile trail. The seller is providing clear title. The permitted zoning is commercial. This owner-user investment is priced at $45,000, or $30 per square foot. The irregular lot shape adds to its character. This property is ready for your vision and offers significant potential for a variety of uses. The APN is 047600-070-072-0002-023-000-0000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $327,513
    6.5%
    $302,319
    7%
    $280,725
  • Comparable approach

    Method
    Valuation
    Relative Method
    $149,679
    Geo Method
    $305,908
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $589,765
    Retail / Commercial
    $302,972
    Hospitality / Lodging
    $222,359
    Office
    $300,969
    Institutional / Educational
    $314,443
    Residential Income
    $367,899
    Multifamily
    $438,865
    Automotive / Energy
    $269,523
    Parking / Income-Based Land
    $92,586.20
    Restaurant / Food Service
    $158,152
    Healthcare / Senior Housing
    $309,584

Location Insight

City
Randolph
County
Cattaraugus
State
New York
Latitude
42.1621
Longitude
-78.9743
CBSA code
36460
CBSA name
OLEAN, NY MICROPOLITAN 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
0
-
$7,100
$19,400
$26,500
-
$12,678
$34,643
$47,321

FAQs

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