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12500 Olean Rd 6,040 SF 100% Leased Retail Building Chaffee, NY 14030 $1,086,292 CAD ($179.85 CAD/SF)



Investment Highlights
- Highly visible location along the Route 16 and Route 39 corridor with traffic counts exceeding 11,000 vehicles daily.
- Existing commercial improvements include remodeled tenant-occupied space and adaptable space for future usability.
- Completed Phase 1 Environmental Assessment in 2024 with significant site cleanup and preparation work already in place.
- Expansive 9.82-acre parcel featuring over 425 feet of frontage within one of the region’s most active commercial corridors.
- Flexible site layout offering potential for expansion, redevelopment, or subdivision to optimize long-term value.
- Existing infrastructure and greenhouse structures provide additional adaptability for retail, market operations, or destination-oriented business.
Executive Summary
Prime commercial development opportunity located along the Route 16 & Route 39 corridor with traffic counts exceeding 11,000 vehicles daily. Situated on approximately 9.82 acres with over 425 feet of frontage, this highly visible property is positioned within one of the area’s most active commercial corridors with some of the highest traffic counts in the region. The property features existing commercial improvements including remodeled tenant-occupied space along with additional adaptable commercial space, offering both immediate utility and future development potential. The expansive layout, scale, and depth of the site provide a rare opportunity for expansion, redevelopment, investment, or owner-user opportunities on a parcel size that seldom becomes available in this corridor. The property’s substantial frontage and configuration may also allow for future subdivision potential, creating additional flexibility and long-term value for a prospective purchaser while still maintaining direct Route 16 access. With existing infrastructure already in place, including greenhouse structures and adaptable commercial space, the property would also be ideally suited for a market, greenhouse operation, garden center, or other destination-oriented business concepts. A Phase 1 Environmental Assessment was completed in 2024, and the current ownership has completed extensive cleanup and site work to help position the property as a true blank slate for future development. Significant site improvements and preparation work have already been completed, further enhancing the property’s long-term potential and usability. Surrounded by established commercial activity and regional traffic flow, the property combines exceptional visibility, accessibility, and the advantage of favorable Sardinia municipal tax rates.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
6,040 SF
Building Class
C
Year Built
1981
Price
$1,086,292 CAD
Price Per SF
$179.85 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.04
Lot Size
3.26 AC
Somewhat walkable
20/100
Exceptionally drivable
100/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 146200-326-000-0002-012-120 | Improvements Assessment | $127,905 CAD |
| Land Assessment | $51,301 CAD | Total Assessment | $179,206 CAD |
Property Taxes
Parcel Number
146200-326-000-0002-012-120
Land Assessment
$51,301 CAD
Improvements Assessment
$127,905 CAD
Total Assessment
$179,206 CAD
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12500 Olean Rd
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