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Karin Morabito

karin@karinmorabitohomes.com +1(585) 290-6410

$ 240,000

Est. payment | -/mo

8,066 SqFt

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$ 240,000

Est. payment | -/mo

Save Virtual Tour

8,066 SqFt

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 8,066 sqft

Price per Sqft $29

MLS Listing ID R1694434

Construction Status Existing

HOA Y/N No

Year Built 1860

Annual Tax Amount $2,854

Lot Size 0.400 Acres

Acres 0.4

Lot Dimensions 142X184

Property Sub-Type Office

Property Description

Prime commercial redevelopment opportunity in a high-traffic location conveniently situated between the City of Hornell and the Village of Alfred, home to Alfred State College and Alfred University. The building has been gutted and stabilized, with the compromised section removed, the basement reinforced, and the first floor structurally supported. Additional progress includes septic approval, removal of the property from the flood zone, and building plans approved by the Office of Code Enforcement and Building Inspection. The project has received strong community support, including numerous letters from government officials, senators, and local stakeholders. Restore NY Grant and ACIDA PILOT Program opportunities may be available to assist with redevelopment. An excellent opportunity to bring new life to a highly visible property in a growing corridor. Building plans and supporting documentation are available for review. Current building plans, approved by the Office of Code Enforcement and Building Inspection, include five Class D retail spaces, 14 Class D office spaces, and four apartments—two doubles and two singles. The office spaces may offer future conversion potential to apartments once municipal sewer service becomes available. Prospective buyers should independently verify the proposed sewer project, anticipated timeline, approvals, and permitted uses.

The Restore NY Grant approval will reimburse up to $1 million if used to restore and develop the building (certain restrictions apply and specific guidelines must be met for full award).

The Allegany County Industrial Development Agency (ACIDA) PILOT Program grants severely reduced property taxes over 28 years and no sales tax while renovating and restoring the building (agreement must be confirmed with ACIDA).

The owner and agent do not guarantee the Restore NY and ACIDA Pilot program grants to prospective buyers, although they have confirmed that the Restore NY and ACIDA Pilot program grants are available to be transferred to a future property owner.

Location

State NY

County Allegany

Area Almond-Village-022601

Zoning Commercial

Direction Take Route 86 to the Almond exit, turn onto Main Street towards Almond

Interior

Heating Electric, Gas, Forced Air

Inclusions Land and Building

Fireplace No

Exterior

Roof Type Other,See Remarks

Total Parking Spaces 20

Building

Lot Description Rectangular, Rectangular Lot

Story 3

Sewer Other, Septic Tank, See Remarks

Construction Status Existing

Schools

School District Alfred-Almond

Others

Tax ID 022601-126-007-0002-041-000-0000

Acceptable Financing Cash, Rehab Financing

Listing Terms Cash, Rehab Financing

Special Listing Condition Standard

Virtual Tour https://idx.imprev.net/i/218934/R1694434/13884/html/virtualtour/listing/idx/index.html

Listed by Hunt Real Estate ERA/Columbus 607-587-9001

NEARBY SCHOOL & BUSINESS

+1(585) 290-6410

karin@karinmorabitohomes.com

333 Metro Park, Rochester, NY 14623, USA

7587 Main ST Almond, NY 14804