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24 Park Dr 5,270 SF 100% Leased Flex Building Hornell, NY 14843 $461,727 CAD ($87.61 CAD/SF) 10% Cap Rate



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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$57,283
|
$10.87
|
| Other Income |
$28,786
|
$5.46
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$86,069
|
$16.33
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$32,555
|
$6.18
|
| Net Operating Income |
$53,514
|
$10.15
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $57,283 |
| Annual Per SF | $10.87 |
| Other Income (CAD) | |
|---|---|
| Annual | $28,786 |
| Annual Per SF | $5.46 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $86,069 |
| Annual Per SF | $16.33 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $32,555 |
| Annual Per SF | $6.18 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $53,514 |
| Annual Per SF | $10.15 |
Property Facts
Amenities
- Air Conditioning
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 460600-166-006-0007-046-410 | Improvements Assessment | $258,567 CAD |
| Land Assessment | $110,815 CAD | Total Assessment | $369,382 CAD |
Property Taxes
Parcel Number
460600-166-006-0007-046-410
Land Assessment
$110,815 CAD
Improvements Assessment
$258,567 CAD
Total Assessment
$369,382 CAD
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24 Park Dr
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