This exceptional mixed-use property, located at 293 Main St Unit 293 in the vibrant town of Schoharie, NY, presents a unique investment opportunity. Situated on a sizable 0.22-acre lot, this property offers significant potential for a variety of uses, catering to both commercial and residential needs. The building's precise square footage is currently unavailable, however, the substantial lot size allows for ample expansion or redevelopment possibilities. Its prime Main Street location ensures high visibility and accessibility, placing it within easy reach of local businesses, amenities, and a steady stream of foot traffic. Schoharie's thriving community and attractive surroundings make this an ideal location for entrepreneurs seeking a strong foothold in a desirable market. The property's versatility allows for creative adaptation to suit a range of business models, from retail and office spaces to residential conversions or a combination thereof. This presents a rare chance to acquire a well-positioned asset in a growing area with considerable upside potential. Serious inquiries are encouraged to explore the possibilities this property offers. Further details regarding the building's interior and specific zoning regulations are available upon request. Don't miss this chance to secure a valuable piece of Schoharie's commercial landscape.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$941,992
6.5%
$869,531
7%
$807,421
Comparable approach
Method
Valuation
Relative Method
$498,793
Geo Method
$495,463
Alternative Use
Use
Valuation
Residential
$1,078,218
Hospitality
$987,642
Educational
$821,706
Medical
$849,966
Retail
$1,278,210
Location Insight
City
Schoharie
County
Schoharie
State
New York
Latitude
42.6645
Longitude
-74.3122
CBSA code
10580
CBSA name
ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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