2 Main StFonda, NY 12068

Property Details for 2 Main St

Year built

1850

Lot size

0.07 AC

Property size (Sq ft)

4,680 SF

Zone code

CONF

Property type

Investment properties

Property subtype

Live-work space

APN

273201 35.12-4-1

APU

273201351241

Description

This 0.35-acre commercial land parcel, located at 2 W Main St in Fonda, NY, presents a unique investment opportunity. Situated on a high-traffic corner lot, this property benefits from excellent visibility and accessibility on Main Street, providing easy access to major and minor North/South and East/West transportation routes. The existing structure features masonry construction on a slab foundation, including an overhead garage door accessing the original building footprint. An additional garage bay has been added, equipped with a heavy-duty 9,000 lb two-post automotive lift. Ample parking is available, accommodating various business needs and types of vehicles, including trailers. A pre-existing footing and power supply are in place at the front corner, ideal for a post-mounted business sign. Currently rented month-to-month for primarily personal use, this property is well-suited for automotive-related businesses, including retail, service, sales, or transportation, or a combination thereof. The property's zoning and potential uses should be verified independently. The asking price for this versatile commercial land is $385,000. The zip code is 12068.

• CAP approach

  CAP return

  Valuation

  6%

  $1,162,584

  6.5%

  $1,073,155

  7%

  $996,501

• Comparable approach

  Method

  Valuation

  Relative Method

  $615,599

  Geo Method

  $611,489

• Alternative Use

  Use

  Valuation

  Residential

  $1,330,712

  Hospitality

  $1,218,925

  Educational

  $1,014,131

  Medical

  $1,049,009

  Retail

  $1,577,538

Location Insight

City

Fonda

County

Montgomery

State

New York

Latitude

42.9544

Longitude

-74.3742

CBSA code

11220

CBSA name

AMSTERDAM, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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