527 Perry StJohnstown, NY 12095

Property Details for 527 Perry St

Year built

1970

Lot size

0.81 AC

Property size (Sq ft)

4,432 SF

Zone code

06 - INDUSTRIAL

Property type

Investment properties

Property subtype

Retail residential properties

APN

170800 148.20-2-9

APU

1708001482029

Description

This exceptional mixed-use property presents a unique investment opportunity in the vibrant city of Johnstown, NY. Situated on a sizable 0.81-acre lot at 527 N Perry St Unit 527, this property offers significant potential for a variety of uses. The building's current configuration is classified as mixed-use, allowing for flexibility in development and tenant occupancy. The asking price is $359,000, representing a compelling entry point into the Johnstown real estate market. Given the substantial lot size, there's potential for expansion or redevelopment, subject to local zoning regulations and approvals. The property's location within Johnstown offers convenient access to local amenities, transportation routes, and a thriving community. Further due diligence is recommended to fully assess the property's potential and to determine its suitability for specific business plans. Detailed information regarding the building's square footage and internal layout is available upon request. This is an excellent opportunity for investors seeking a versatile property with significant upside potential in a desirable location. Serious inquiries are encouraged to explore this promising investment prospect further. The property is offered as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $1,365,212

  6.5%

  $1,260,196

  7%

  $1,170,182

• Comparable approach

  Method

  Valuation

  Relative Method

  $903,615

  Geo Method

  $897,582

• Alternative Use

  Use

  Valuation

  Residential

  $1,260,196

  Hospitality

  $1,154,332

  Educational

  $960,391

  Medical

  $993,420

  Retail

  $1,493,942

Location Insight

City

Johnstown

County

Fulton

State

New York

Latitude

43.0319

Longitude

-74.3637

CBSA code

24100

CBSA name

GLOVERSVILLE, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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