125 Bolivar RdWellsville, NY 14895

Property Details for 125 Bolivar Rd

Year built

1994

Lot size

4.56 AC

Property size (Sq ft)

27,760 SF

Zone code

05 - COMMERCIAL

Property type

Retail properties

Property subtype

Strip malls

APN

027001 238.7-3-14.1

APU

2700123873141

Description

Exceptional retail opportunity in the highly trafficked Riverwalk Plaza in Wellsville, NY. This 2,268 square foot space, formerly a salon, is situated within a 166,000 square foot shopping center, boasting prominent tenants such as Tops, Runnings, Sherwin Williams, YMCA, and H&R Block. The plaza enjoys a strategic location at the intersection of SR 417 and SR 19, along the Genesee River, making it the most visited shopping center in Allegany County and the largest business center within a 30-mile radius. The property sits on a 0.58-acre lot and is a single-story building zoned COM 1. The space is available as a triple net lease, and the landlord is open to build-out or build-to-suit options to meet tenant needs. The minimum divisible space is 2,268 square feet, and the total vacant space currently available is also 2,268 square feet. This presents a unique chance to establish or relocate a business in a thriving retail environment with high visibility and strong existing tenant synergy. The property's Allegany County location, with APN 027001-238-007-0003-014-001-0000, offers excellent access and ample parking.

• CAP approach

  CAP return

  Valuation

  6%

  $7,402,026

  6.5%

  $6,832,640

  7%

  $6,344,594

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,692,435

  Geo Method

  $4,400,882

• Alternative Use

  Use

  Valuation

  Residential

  $5,763,588

  Hospitality

  $5,279,415

  Educational

  $4,392,412

  Medical

  $4,543,473

  Retail

  $6,832,640

Location Insight

City

Wellsville

County

Allegany

State

New York

Latitude

42.1245

Longitude

-77.9612

Property Tax & Assessments

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