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Investment Highlights

  • 5 Commercial Spaces, Coin Operated Car Wash and additional income/rental potential!

Executive Summary

Multi-Income Commercial Investment Opportunity | Turn-Key Cash Flow 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.

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $40,320 $7.65
Other Income $20,262 $3.84
Vacancy Loss - -
Effective Gross Income $60,582 $11.50
Taxes - -
Operating Expenses - -
Total Expenses $22,915 $4.35
Net Operating Income $37,667 $7.15

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $40,320
Annual Per SF $7.65
Other Income
Annual $20,262
Annual Per SF $3.84
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $60,582
Annual Per SF $11.50
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $22,915
Annual Per SF $4.35
Net Operating Income
Annual $37,667
Annual Per SF $7.15

Property Facts

Price $325,000
Price Per SF $61.67
Sale Type Investment or Owner User
Cap Rate 10%
Property Type
Flex
  • General Retail Storefront Retail/Office
  • Office Office Residential
Lot Size 0.62 AC
Rentable Building Area 5,270 SF
No. Stories 1
Year Built 1988
Opportunity Zone Yes
Zoning B-2

Amenities

  • Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
460600-166-006-0007-046-410
Land Assessment
$78,000
Improvements Assessment
$182,000
Total Assessment
$260,000
  • Listing ID: 40424628

  • Date on Market: 5/6/2026

  • Last Updated:

  • Address: 24 Park Dr, Hornell, NY 14843

Contact the Sale Advisor

24 Park Dr

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