4 Main StBroadalbin, NY 12025

Property Details for 4 Main St

Year built

1920

Lot size

0.05 AC

Property size (Sq ft)

3,120 SF

Zone code

07 - MIXED

Property type

Investment properties

Property subtype

Live-work space

APN

172201 137.15-7-14

APU

17220113715714

Description

This exceptional commercial property, located at 4 W Main St in the vibrant town of Broadalbin, New York, presents a unique investment opportunity. The 0.05-acre lot offers significant potential for a variety of commercial ventures. Its strategic location on West Main Street ensures high visibility and accessibility, making it an ideal site for businesses seeking a prominent presence in the community. The property's size is perfectly suited for smaller-scale commercial developments, such as a retail storefront, professional office space, or a specialized service business. The asking price of $350,000 reflects the property's prime location and development potential within a thriving market. Given its central location and the lack of readily available commercial land in Broadalbin, this property represents a rare chance to establish a successful business in a desirable area. Serious inquiries are encouraged to explore the possibilities this exceptional offering presents. The property is being sold "as is," and potential buyers are responsible for conducting their own due diligence regarding zoning regulations, building codes, and any necessary permits for their intended use. This is a remarkable opportunity to acquire a highly visible and strategically located commercial lot in a growing New York community. Don't miss out on this chance to secure your future in Broadalbin.

• CAP approach

  CAP return

  Valuation

  6%

  $775,056

  6.5%

  $715,437

  7%

  $664,334

• Comparable approach

  Method

  Valuation

  Relative Method

  $410,399

  Geo Method

  $407,659

• Alternative Use

  Use

  Valuation

  Residential

  $887,141

  Hospitality

  $812,617

  Educational

  $676,088

  Medical

  $699,339

  Retail

  $1,051,692

Location Insight

City

Broadalbin

County

Fulton

State

New York

Latitude

43.0588

Longitude

-74.1966

CBSA code

24100

CBSA name

GLOVERSVILLE, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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