161 State StJohnstown, NY 12095

Property Details for 161 State St

Year built

1985

Lot size

0.64 AC

Property size (Sq ft)

2,220 SF

Zone code

05 - COMMERCIAL

Property type

Investment properties

Property subtype

Retail residential properties

APN

170800 175.5-6-2

APU

170800175562

Description

This exceptional commercial property, located at 161 E State St in Johnstown, New York, presents a unique investment opportunity at an attractive price point of $70,000. The property is classified as "Other," indicating its versatility and potential for a wide range of uses. While the square footage is not currently specified, the property's location on State Street offers significant visibility and accessibility, making it an ideal site for a variety of businesses. The lot size is listed as zero acres, suggesting the property may be a building on a smaller lot or a portion of a larger parcel. The absence of detailed square footage information underscores the need for a thorough on-site inspection to assess the property's precise dimensions and layout. This allows for potential buyers to tailor their plans to the property's specific characteristics. Given its price and location, this property is well-suited for entrepreneurs seeking a cost-effective entry point into the Johnstown commercial market or investors looking for a potentially high-return asset. Further due diligence, including a property survey and zoning verification, is recommended to fully understand the property's potential and limitations. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this property offers. The lack of detailed information presents a chance to shape the property's future according to individual needs and vision.

• CAP approach

  CAP return

  Valuation

  6%

  $683,838

  6.5%

  $631,235

  7%

  $586,147

• Comparable approach

  Method

  Valuation

  Relative Method

  $452,623

  Geo Method

  $449,601

• Alternative Use

  Use

  Valuation

  Residential

  $631,235

  Hospitality

  $578,208

  Educational

  $481,062

  Medical

  $497,607

  Retail

  $748,319

Location Insight

City

Johnstown

County

Fulton

State

New York

Latitude

43.003

Longitude

-74.359

CBSA code

24100

CBSA name

GLOVERSVILLE, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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