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Former McDonald's Site | Absolute Auction 609 Chemung St 0.86 Acres of Commercial Land Online Auction Sale Horseheads, NY 14845
Investment Highlights
- Acquire a 0.86-acre redevelopment site via absolute auction, with C-1 zoning supporting retail, restaurant, service, and commercial uses.
- Capitalize on a former McDonald's location with proven retail history, offering a cleared, development-ready parcel for new concepts.
- 609 Chemung Street benefits from freeway visibility and direct Interstate 86 access, enhancing exposure to local and regional traffic.
- Join Horseheads' established retail corridor, where surrounding dining, retail, and service businesses help drive consistent consumer activity.
- Leverage a market of more than 33,970 households within 10 miles, supported by an average household income of $82,377 annually.
- Absolute auction | Starting bid $1.
Executive Summary
609 Chemung Street in Horseheads, New York, is being offered through an absolute auction, presenting a redevelopment opportunity in one of the area's established retail corridors. The property consists of approximately 0.86 acres across two commercial lots and was formerly occupied by a McDonald's restaurant that was demolished in 2016. With the site cleared and zoned C-1, the parcel is positioned for a variety of retail, restaurant, service, and commercial redevelopment concepts, allowing buyers to capitalize on an existing retail location with a proven operating history.
The property's configuration offers a development-ready site with visibility and access characteristics well-suited for customer-oriented uses. Situated within Horseheads' primary retail concentration, 609 Chemung Street benefits from freeway visibility and convenient access to Interstate 86, creating exposure to both local residents and the steady flow of regional travelers moving through the market. The site's frontage and accessibility support user convenience while enhancing brand presence and customer awareness from nearby traffic corridors.
Surrounding retail, dining, and service businesses help drive consumer activity throughout the trade area, providing built-in synergies for future development. Its location within a well-established commercial corridor positions the property to serve both daily-needs customers and destination-oriented visitors, while the proximity to Interstate 86 expands its reach beyond the immediate community.
Market fundamentals further support redevelopment potential. More than 33,970 households reside within a 10-mile radius, with an average household income of $82,377. Consumer spending within five miles totals approximately $462.9 million annually, including more than $136.7 million spent on food and alcohol purchases. Notably, approximately $52.7 million is spent annually at restaurants and quick service establishments, underscoring demand for foodservice and convenience-oriented retail concepts. Combined with its development-ready condition, commercial zoning, freeway visibility, and accessibility, 609 Chemung St offers a compelling opportunity for retail, restaurant, or service-oriented redevelopment in the Horseheads market.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Ownership has additional listings; please see all available listing URLs here:
• 1800 36th Ave, Moline, IL 61265: https://www.loopnet.com/Listing/1800-36th-Ave-Moline-IL/41708014/
• 2920 NE Adams St, Peoria, IL 61603: https://www.loopnet.com/Listing/2920-NE-Adams-St-Peoria-IL/38476259/
• 1050 Valley St, Minerva, OH 44657: https://www.loopnet.com/Listing/1050-Valley-St-Minerva-OH/33910057/
• 661 Griswold Rd, Elyria, OH 44035: https://www.loopnet.com/Listing/661-Griswold-Rd-Elyria-OH/6844303/
• 3034 Mahoning Ave, Youngstown, OH 44509: https://www.loopnet.com/Listing/3034-Mahoning-Ave-Youngstown-OH/41316602/
• 5416 Ridge Ave, Cincinnati, OH 45213: https://www.loopnet.com/Listing/5416-Ridge-Ave-Cincinnati-OH/41708026/
• 7844 North Point Blvd, Winston-Salem, NC 27106: https://www.loopnet.com/Listing/7844-North-Point-Blvd-Winston-Salem-NC/41708021/
• 2799 N 22nd St, Decatur, IL 62526: https://www.loopnet.com/Listing/2799-N-22nd-St-Decatur-IL/41708000/
• 1411 E 2nd St, Jamestown, NY 14701: https://www.loopnet.com/Listing/1411-E-2nd-St-Jamestown-NY/41708006/
• 2810 Florida 71, Marianna, FL 32446: https://www.loopnet.com/Listing/2810-Florida-71-Marianna-FL/41707992/
• 800 US-67, Walnut Ridge, AR 72476: https://www.loopnet.com/Listing/800-US-67-Walnut-Ridge-AR/41791721/
The property's configuration offers a development-ready site with visibility and access characteristics well-suited for customer-oriented uses. Situated within Horseheads' primary retail concentration, 609 Chemung Street benefits from freeway visibility and convenient access to Interstate 86, creating exposure to both local residents and the steady flow of regional travelers moving through the market. The site's frontage and accessibility support user convenience while enhancing brand presence and customer awareness from nearby traffic corridors.
Surrounding retail, dining, and service businesses help drive consumer activity throughout the trade area, providing built-in synergies for future development. Its location within a well-established commercial corridor positions the property to serve both daily-needs customers and destination-oriented visitors, while the proximity to Interstate 86 expands its reach beyond the immediate community.
Market fundamentals further support redevelopment potential. More than 33,970 households reside within a 10-mile radius, with an average household income of $82,377. Consumer spending within five miles totals approximately $462.9 million annually, including more than $136.7 million spent on food and alcohol purchases. Notably, approximately $52.7 million is spent annually at restaurants and quick service establishments, underscoring demand for foodservice and convenience-oriented retail concepts. Combined with its development-ready condition, commercial zoning, freeway visibility, and accessibility, 609 Chemung St offers a compelling opportunity for retail, restaurant, or service-oriented redevelopment in the Horseheads market.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Ownership has additional listings; please see all available listing URLs here:
• 1800 36th Ave, Moline, IL 61265: https://www.loopnet.com/Listing/1800-36th-Ave-Moline-IL/41708014/
• 2920 NE Adams St, Peoria, IL 61603: https://www.loopnet.com/Listing/2920-NE-Adams-St-Peoria-IL/38476259/
• 1050 Valley St, Minerva, OH 44657: https://www.loopnet.com/Listing/1050-Valley-St-Minerva-OH/33910057/
• 661 Griswold Rd, Elyria, OH 44035: https://www.loopnet.com/Listing/661-Griswold-Rd-Elyria-OH/6844303/
• 3034 Mahoning Ave, Youngstown, OH 44509: https://www.loopnet.com/Listing/3034-Mahoning-Ave-Youngstown-OH/41316602/
• 5416 Ridge Ave, Cincinnati, OH 45213: https://www.loopnet.com/Listing/5416-Ridge-Ave-Cincinnati-OH/41708026/
• 7844 North Point Blvd, Winston-Salem, NC 27106: https://www.loopnet.com/Listing/7844-North-Point-Blvd-Winston-Salem-NC/41708021/
• 2799 N 22nd St, Decatur, IL 62526: https://www.loopnet.com/Listing/2799-N-22nd-St-Decatur-IL/41708000/
• 1411 E 2nd St, Jamestown, NY 14701: https://www.loopnet.com/Listing/1411-E-2nd-St-Jamestown-NY/41708006/
• 2810 Florida 71, Marianna, FL 32446: https://www.loopnet.com/Listing/2810-Florida-71-Marianna-FL/41707992/
• 800 US-67, Walnut Ridge, AR 72476: https://www.loopnet.com/Listing/800-US-67-Walnut-Ridge-AR/41791721/
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Miscellaneous
Property Facts
| Property Type | Land | Total Lot Size | 0.86 AC |
| Property Subtype | Commercial | Sale Condition | Auction Sale |
| Sale Type | Investment | Type of Ownership | Fee Simple |
| Property Type | Land |
| Property Subtype | Commercial |
| Sale Type | Investment |
| Total Lot Size | 0.86 AC |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
1 Lot Available
Lot
| Lot Size | 0.86 AC | Parcel Numbers | 073401-059-017-0002-003-000-0000, 073401-059-017-0002-004-000-0000 |
| Lot Size | 0.86 AC |
| Parcel Numbers | 073401-059-017-0002-003-000-0000, 073401-059-017-0002-004-000-0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Sale Advisor
Sale Advisor
Zach O'Donnell, Vice President
Zach O’Donnell joined Winslow Property Management in 2010 and currently serves as Vice President overseeing the firm’s day-to-day portfolio and property management operations, managing its business development efforts and participating in acquisition and disposition due diligence. Additionally, Zach supervises and directs Winslow personnel, leads client engagement efforts, and is a licensed real estate broker through Summit Realty Partners.
In addition to his Winslow duties, Zach has spent more than a decade developing, scaling, and operating Excess Property Group, a Winslow subsidiary. Excess Property Group consists of a nationwide portfolio of ~250 retail properties for Fortune 100 clients providing a range of services including property management, brokerage, construction management, asset management, and accounting.
Zach attended Middlesex School in Concord, MA before moving on to Dartmouth College where he played football and club hockey and graduated with a B.A. in Government. He remains engaged with both schools as a vocational mentor for students; served on the Middlesex Alumni Association board for 13 years, chairing the Events Committee; and has sat on the Middlesex Athletic Hall of Fame Committee since 2019.
In addition to his Winslow duties, Zach has spent more than a decade developing, scaling, and operating Excess Property Group, a Winslow subsidiary. Excess Property Group consists of a nationwide portfolio of ~250 retail properties for Fortune 100 clients providing a range of services including property management, brokerage, construction management, asset management, and accounting.
Zach attended Middlesex School in Concord, MA before moving on to Dartmouth College where he played football and club hockey and graduated with a B.A. in Government. He remains engaged with both schools as a vocational mentor for students; served on the Middlesex Alumni Association board for 13 years, chairing the Events Committee; and has sat on the Middlesex Athletic Hall of Fame Committee since 2019.
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Former McDonald's Site | Absolute Auction | 609 Chemung St
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