59 Main StCamden, NY 13316

Property Details for 59 Main St

Year built

1963

Lot size

0.06 AC

Property size (Sq ft)

6,660 SF

Zone code

01 - NOT ZONED

Property type

Showrooms

APN

303001 128.017-4-73

APU

303001128017473

Description

This exceptional investment opportunity encompasses a thriving, established business and multiple properties in Camden, NY. The centerpiece is a 175-year-old hardware store, one of the eight oldest in the United States, located at 59 Main Street. This building boasts 5,600 square feet of retail space. The sale also includes 61 Main Street (2,180 sq ft), featuring two one-bedroom apartments generating rental income, a warehouse on S. Park Street (1,464 sq ft), and 5 Masonic Avenue (10,437 sq ft), which includes 5,600 sq ft of office space (also with rental income) and a 4,000 sq ft pole barn. All inventory is included in the sale, a significant asset comprising appliances, pellets, paint (with a two-year-old mixing machine), two forklifts, a truck with a lift (lease assumed by buyer), two pallet jacks, and a complete POS system. The total square footage across all properties is substantial, offering diverse income streams and significant potential for future development. The asking price for this unique and historically significant package is $995,000, representing a price per square foot of $177.68. The 0.06-acre lot at 59 Main Street was built in 1848. This is a rare chance to acquire a turnkey business with substantial real estate holdings in a desirable New York location. The property is zoned for commercial use. This package includes MLS numbers S1505310, S1505322, S1505326, and S1505329.

• CAP approach

  CAP return

  Valuation

  6%

  $2,432,038

  6.5%

  $2,244,958

  7%

  $2,084,604

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,207,633

  Geo Method

  $2,192,893

• Alternative Use

  Use

  Valuation

  Residential

  $1,893,706

  Hospitality

  $1,734,624

  Educational

  $1,443,187

  Medical

  $1,492,820

  Retail

  $2,244,958

Location Insight

City

Camden

County

Oneida

State

New York

Latitude

43.3347

Longitude

-75.7476

CBSA code

46540

CBSA name

UTICA-ROME, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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