24 Park Drive, Hornell, 14843
ML Number: R1665441
List Price: $325,000
Description
Multi-Income Commercial Investment Opportunity | Turn-Key Cash Flow $38,000 new operating income!! Investors and entrepreneurs take notice! This income-producing commercial property in Hornell offers multiple established revenue streams and a turn-key investment opportunity with strong income potential. The property features fully occupied commercial spaces currently leased to a church, hair salon, and media company, creating consistent rental income from diversified tenants. Additional revenue is generated by a coin-operated car wash with industrial vacuums, providing built-in passive income, along with a garage/storage unit offering additional rental or value-add income potential. Positioned in a high-visibility location within the City of Hornell, the property benefits from steady traffic, surrounding businesses, and nearby residential neighborhoods, supporting long-term tenant demand. The local economy is anchored by major employers such as Alstom, bringing hundreds of jobs to the area and supporting local business growth and service demand. The property is also conveniently located near the Finger Lakes region and within reach of Alfred State College and Alfred University, adding additional consumer traffic and business opportunities. This property presents an excellent opportunity for investors looking to expand their portfolio, entrepreneurs seeking a business hub, or buyers searching for a multi-income commercial asset with immediate revenue potential. 5 Commercial spaces generate $3575/mo. PLUS additional income from car wash. Small town location with big business opportunity.
Aerial View of this Location
| Property Type: | Commercial/Industrial |
|---|---|
| Living Area (SqFt): | 5,270 |
| Lot Size (Acres): | 0.8200 |
| Garage Spaces: | |
| Year Built: | 1988 |
| Address: | 24 Park Drive |
|---|---|
| City: | Hornell |
| County: | Steuben |
| State: | NY |
| Zip Code: | 14843 |
| School District: | Hornell |
| List Price: | $325,000 |
|---|---|
| Assessed Value: | $0 |
| Tax id: |
Property Features
| Lot Information: | |
|---|---|
| On Waterfront: | No |
| Building Style: | |
| Construction: | |
| Fuel Type: | |
| HVAC: | |
| Basement: | |
| Garage Type: | |
| Driveway: | |
| Exterior Features: | |
| Attic: | |
| Water Resource: | |
| Water Heater: | |
| Sewer: | |
| # Rooms: | |
| Additional Rooms: | |
| Floors: | |
| Interior Features: | |
| # Fireplaces: | 0 |
| Kitchen Appliances: |
Listing courtesy of Howard Hanna
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Keenan Group Inc. shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2006 Genesee Region Real Estate Information Service, powered by Homesteadnet.com. All rights reserved.