12 County Route 115Lindley, NY 14858

Property Details for 12 County Route 115

Year built

1930

Lot size

1.80 AC

Property size (Sq ft)

5,873 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

465800 424.00-01-029.000

APU

4658004240001029000

Description

This exceptional 6,490 sq ft property in Lindley, NY, presents a unique investment opportunity. Situated on 1.8 acres at 12 County Route 115, this established business boasts a thriving bar/restaurant (open Friday-Sunday), 43 storage units (most rented), and four fully renovated apartments (three currently rented). The spacious bar/restaurant features ample seating, a large bar with double seating, and a dedicated area for live bands and dancing. The property also includes a storage barn and a paved parking lot, covered by an indemnity agreement. The expansive yard is approved for venue use, making it ideal for expanding the existing business or creating new revenue streams. The property benefits from a recently installed (2024) engineered New York State septic system and a metal roof (installed within the last 10 years). An active liquor license is included, extending to the front lawn. This property is conveniently located on the New York border, offering access to both New York and Pennsylvania markets. The seller is open to offers and is also willing to lease the entire property for $1500 per month. Per FEMA, this property is not located in a flood zone. This versatile property is ready for a new owner to capitalize on its existing income streams and explore its significant potential for growth.

• CAP approach

  CAP return

  Valuation

  6%

  $948,391

  6.5%

  $875,438

  7%

  $812,907

• Comparable approach

  Method

  Valuation

  Relative Method

  $536,547

  Geo Method

  $369,470

• Alternative Use

  Use

  Valuation

  Residential

  $1,085,543

  Hospitality

  $994,352

  Educational

  $827,289

  Medical

  $855,741

  Retail

  $1,286,894

Location Insight

City

Lindley

County

Steuben

State

New York

Latitude

42.0008

Longitude

-77.1267

CBSA code

18500

CBSA name

CORNING, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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