92 Main StCorinth, NY 12822

Property Details for 92 Main St

Year built

1982

Lot size

0.38 AC

Property size (Sq ft)

4,444 SF

Zone code

C

Property type

Investment properties

Property subtype

Retail residential properties

APN

412601 73.26-2-48

APU

4126017326248

Description

This exceptional mixed-use commercial property at 92 Main St, Corinth, NY presents a compelling investment opportunity. The 4,444 square foot building sits on a 0.38-acre lot and boasts a prime location directly across from the public beach and adjacent to a grocery store, ensuring high visibility and foot traffic. Currently generating strong income streams from established tenants, including a Subway franchise and a tattoo parlor, this property offers immediate returns. Further enhancing its profitability, a fully equipped laundromat is included in the sale, conveying with all necessary equipment. The property also features a second-floor apartment, currently unfinished, presenting significant potential for additional rental income or owner occupancy. Ample parking is available on-site, catering to the needs of both tenants and customers. This turnkey investment is ideally suited for savvy investors seeking a diversified portfolio with immediate cash flow and substantial upside potential. The building's strategic location and existing successful businesses create a robust foundation for long-term growth and profitability. The combination of established income-generating tenants and the potential for further development makes this a truly unique opportunity in the vibrant Corinth market. Don't miss this chance to acquire a high-yield property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,368,908

  6.5%

  $1,263,608

  7%

  $1,173,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $906,062

  Geo Method

  $900,012

• Alternative Use

  Use

  Valuation

  Residential

  $1,263,608

  Hospitality

  $1,157,458

  Educational

  $962,992

  Medical

  $996,110

  Retail

  $1,497,987

Location Insight

City

Corinth

County

Saratoga

State

New York

Latitude

43.2479

Longitude

-73.8345

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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