166 Portage StWestfield, NY 14787

Property Details for 166 Portage St

Year built

1900

Lot size

1.00 AC

Property size (Sq ft)

2,496 SF

Zone code

B-2

Property type

Investment properties

Property subtype

Retail residential properties

APN

067201 192.16-1-3

APU

672011921613

Description

This exceptional commercial property, located at 166 N Portage St in Westfield, NY, presents a fantastic opportunity for a variety of businesses. Boasting a generous 2,496 square feet of space, this building sits on a sizable one-acre lot, offering ample room for expansion, outdoor activities, or additional parking. The property's prime location in Westfield provides excellent visibility and accessibility, ensuring high traffic and potential customer reach. The building's interior layout is adaptable and can be customized to suit a wide range of commercial uses. The asking price of $100,000 represents a significant value for a property of this size and location in the thriving Westfield market. This is an ideal investment for entrepreneurs seeking a versatile space to establish or expand their business. The property's potential is vast, making it a truly compelling opportunity for those seeking a strong foothold in the Westfield commercial landscape. Serious inquiries are encouraged to explore the possibilities this property offers. The one-acre lot provides significant flexibility for future development or expansion. Don't miss this chance to acquire a substantial commercial property in a desirable location at an attractive price.

• CAP approach

  CAP return

  Valuation

  6%

  $593,635

  6.5%

  $547,971

  7%

  $508,830

• Comparable approach

  Method

  Valuation

  Relative Method

  $378,488

  Geo Method

  $361,888

• Alternative Use

  Use

  Valuation

  Residential

  $547,971

  Hospitality

  $501,938

  Educational

  $417,607

  Medical

  $431,969

  Retail

  $649,610

Location Insight

City

Westfield

County

Chautauqua

State

New York

Latitude

42.3298

Longitude

-79.5862

CBSA code

27460

CBSA name

JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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