3312 Main StHorseheads, NY 14845

For Sale
$299,000

High-yield investment, two tenants, 7,800 SF

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional commercial property, located at 3312 S Main St, Horseheads, NY 14845, presents a compelling value-add investment opportunity. The 7,800 square foot building, constructed in 1969, sits on a 1.1-acre lot and boasts 100% occupancy with two tenants under a gross lease agreement commencing January 1, 2024, and expiring December 31, 2025. Generating a Net Operating Income (NOI) of $3,500 per month, this property offers a 1.17% cap rate. The property is zoned commercial and features a mix of distribution, storefront, and warehouse space. The main building has 400 amp electrical service, one loading dock, and eight dock-high doors (though two have been removed). The ceiling height is 9 feet, and the interior layout is adaptable to various uses. An additional outbuilding with 100 amp service is located in the rear parking lot, offering potential for expansion or additional income streams. The property is conveniently situated directly off I-86 in a high-traffic area, providing excellent visibility and accessibility. Ample parking is available with 77+ spaces. Air rights encompass the entire 7,800 square feet. This property is a rare find, offering significant potential for future growth and income generation.

Highlights

  • Fully occupied, generating $3,500 monthly rental income from two tenants.
  • Rear building offers potential for renovation into additional storage or mixed-use space.

Property Details for 3312 Main St

Property type
Other warehouses, Other specialty properties
Square Feet
7,800 SF
Year Built
1969
Buildings
2
Stories
1
Lot Size (sq. ft)
47,916 SF
Units
2

Location Insight

City
Horseheads
County
Chemung
State
New York
Latitude
42.1542272
Longitude
-76.8146032
3312 Main St, Horseheads, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3312 Main St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message