127 Elm StChamplain, NY 12919

Property Details for 127 Elm St

Year built

1950

Lot size

1.40 AC

Property size (Sq ft)

5,898 SF

Property type

Turn key restaurants

APN

092801 18.20-3-1

APU

92801182031

Description

This exceptional commercial property, located at 127 Elm St in Champlain, NY, presents a unique investment opportunity. Boasting 5,898 square feet of space situated on a 1.4-acre lot, this property offers significant potential for a variety of commercial ventures. A key feature is the impressive 210 feet of river frontage along the Chazy River, providing stunning views and potential for outdoor activities or water-related businesses. The interior features a large open room ideal for hosting private events or large gatherings. A fully equipped kitchen, recently renovated with stainless steel appliances, including a food prep sink, handwashing sink, double oven, commercial refrigerator, and freezer, is perfect for catering or food service operations. A new double cooler is also included. A separate bar area with its own entrance adds to the versatility of the space. Additional features include dedicated office space and multiple bathrooms. The property's convenient location offers easy access to the Canadian border and Interstate 87, ensuring excellent accessibility for both local and regional clientele. A detailed feature sheet outlining all upgrades and included items is available upon request. This property is priced at $179,000 and represents a compelling opportunity for a discerning buyer.

• CAP approach

  CAP return

  Valuation

  6%

  $2,153,777

  6.5%

  $1,988,102

  7%

  $1,846,095

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,955,048

  Geo Method

  $1,941,994

• Alternative Use

  Use

  Valuation

  Residential

  $1,677,038

  Hospitality

  $1,536,158

  Educational

  $1,278,066

  Medical

  $1,322,020

  Retail

  $1,988,102

Location Insight

City

Champlain

County

Clinton

State

New York

Latitude

44.9849

Longitude

-73.4388

CBSA code

38460

CBSA name

PLATTSBURGH, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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