×

On The Market

Future Unclear On Former Graham’s Market In Sherman

The EV stations, which were constructed on the same property as Graham’s Market, are open for use.

SHERMAN — Now that the EV charging stations at 104 Church St. are operational, what will become of the former Graham’s Market at that location?

The building, now owned by Five Star Bank, has been listed since November 2023 for $99,900. “That is a very low price for a commercial property of this sort,” said Steve Holt of Howard Hanna Holt Real Estate, through which the market is listed. “The property was priced by the bank to result in a timely sale.”

According to Holt, the property was first placed on the market in October 2022 for $250,000. “Then the bank took ownership of the property and placed it on the market for $99,900,” he said.

The building has been an integral part of Sherman for many years. According to the Chautauqua County Industrial Development Agency, the building was originally established in 1969 as a Quality Market and was later taken over by Jeff and Jody Mack in 2004. It closed in 2018 for personal reasons.

After this, Mark Graham set about acquiring the closed grocery store. The county IDA, in collaboration with Five Star Bank and Southern Tier West, provided a financing package and after three years, he was able to reopen the store as Graham’s Market.

Graham’s Market in Sherman is up for sale.

Unfortunately, the market reopened shortly before the onset of the COVID-19 when the state mandated many businesses to close, Holt said.

“The owner worked hard to keep the business open. However, the economic climate was not conducive to new businesses,” he said. “As a new business, the former owner was not eligible for much of the economic stimulus programs available to other businesses.”

Holt said many parties have shown an interest in the building. Currently, there are two potential buyers seriously pursuing the possibility of purchasing it, he said.

Holt said the building itself is structurally sound. “It is a block building that is very solid and has 3 phase power to the building,” he said.

The building has a lot of potential, Holt said. “It is a good location in the village of Sherman, just off Main Street with plenty of parking,” he said. “The building could be used for storage, retail, construction or any other use permitted by zoning.”

Holt said he does not know if all of the equipment being sold with the building is operational.

“We have no knowledge of the condition of the equipment. The power is now off,” he said. The checkout counters, walk-in freezer, walk-in cooler, meat slicer, deli cooler, oven and shelving are included with the structure, he said.

In September, Sherman Village Mayor Colleen Meeder reported to the board of trustees that the EV stations were energized and would be up and running soon. A training session was completed by municipal employees and the EV stations opened shortly thereafter.

Holt believes the EV charging stations will be beneficial to whomever purchases the building. “The EV charging stations installed by the village of Sherman will create traffic,” he said. “The new owners can use them, as well as members of the public.”

Newsletter

Today's breaking news and more in your inbox

I'm interested in (please check all that apply)
Are you a paying subscriber to the newspaper? *
   

Starting at $4.62/week.

Subscribe Today