Corporate Surplus: Commercial Bldg | Prime Downtown Location Canisteo, NY

Property Location MAP

2 E Main St
Canisteo, NY 14823

Property #: KEY5197

Contact Agent

Michael Foster, CAI
Tranzon Auction Properties

716-507-9009 mfoster@tranzon.com
Establish your business or expand your investment portfolio with this well-located commercial property at 2 East Main Street, Canisteo, New York. Occupying a prominent location in the heart of the Village, the property offers excellent street presence along NY Route 36 and is within walking distance of local shops, restaurants, professional offices, financial institutions, and municipal services.
 
Canisteo’s welcoming business environment and ongoing downtown enhancement initiatives continue to support local commerce and community growth. Suitable for a variety of retail, office, restaurant, or service-oriented uses, this property presents an exceptional opportunity for entrepreneurs, owner-users, and investors seeking a commercial asset with long-term potential. Bid with confidence and capitalize on this opportunity to own a cornerstone property in one of Steuben County’s charming downtown districts.
 
Potential uses include: retail, restaurant or café, professional office, and service business, among numerous others. Please contact the Village of Canisteo with questions.
 
Property Highlights:
  • CBD Zoning
  • +/-2,052 SF commercial building
  • +/-0.523 acre corner parcel
  • Prime downtown location
  • High visibility on East Main Street
  • Municipal water and sewer
  • Walkable business district
  • Owner-user or investment opportunity
  • Value-add potential
  • Minutes from Hornell
  • Petroleum Tanks removed in 2020 (see environmental information in PIP)
  • Open floor plan
  • Walk-in cooler
 
Parcel ID# 2026 Tax Assess     2026 Annual Taxes
197.11-02-056.200      $281,000 $3,381.65 C&T, $2,501.58 Vil
197.11-02-055.000 $11,800 $133.11 C&T, $98.61 Vil
Totals: $292,800 $6,114.95
 
Note to Buyers: Closing will be handled by Fidelity National Title’s National Commercial Services Division in Phoenix, AZ with Seller paying for Buyer’s title insurance. Closings are normally done remotely.
 
Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.

Michael Foster, Broker | NY #49F00966562 | 16 Warren Ave., Kenmore, NY 14217

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Michael Foster, CAI

Michael Foster, CAI: Tranzon Auction Properties

716-507-9009 mfoster@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyers Premium based on the high bid.
  • Closing: Must close on or before September 24, 2026, sold in As-Is condition, no contingencies.
  • Deposit Amount: Online registration requires $2,500 hold on a valid credit card. The hold will be released post-auction. A 10% deposit is due within 48 hours of being notified that you are the successful high bidder.
  • Buyer Agent Compensation: 2% of the high bid will be paid to a properly registered buyer's agent at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

Online Bidding Instructions:

See terms and conditions in the property information package.

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