7451 Seneca RdHornell, NY 14843

Property Details for 7451 Seneca Rd

Year built

1973

Lot size

17.50 AC

Property size (Sq ft)

103,138 SF

Zone code

5

Property type

Strip malls

Property subtype

Neighborhood centers

APN

465289 136.00-01-021.000

APU

4652891360001021000

Description

This thriving Hornell, NY shopping plaza offers two exceptional retail spaces for lease. One space, a former Sears, boasts 11,000 square feet of move-in-ready space, featuring an open floor plan, a rear restroom, an office, and a small warehouse area with a loading dock. The second space offers 16,000 square feet of clean, open space with a small front office. While lacking a rear loading dock, this space is ideal for businesses with minimal rear deliveries. Both spaces are situated in a bustling plaza anchored by Dollar General, Advanced Auto, Harbor Freight, and an end-cap warehouse, ensuring high visibility and foot traffic. The plaza's strategic location, adjacent to a hospital and surrounded by numerous businesses and restaurants, guarantees a strong customer base. The property sits on 17.5 acres and benefits from significant traffic counts, exceeding 7703 AADT in 2021. This Class C retail property presents a fantastic opportunity for businesses seeking a prime location in a growing market. The flexible space is suitable for various retail or restaurant concepts, offering a minimum of 11,000 and a maximum of 16,000 contiguous square feet across two suites within the building. The property is located at 7451 Seneca Rd N, Hornell, NY 14843.

• CAP approach

  CAP return

  Valuation

  6%

  $25,970,378

  6.5%

  $23,972,658

  7%

  $22,260,324

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,304,464

  Geo Method

  $16,350,797

• Alternative Use

  Use

  Valuation

  Residential

  $20,221,834

  Hospitality

  $18,523,090

  Educational

  $15,410,994

  Medical

  $15,941,002

  Retail

  $23,972,658

Location Insight

City

Hornell

County

Steuben

State

New York

Latitude

42.3613

Longitude

-77.6683

CBSA code

18500

CBSA name

CORNING, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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