135 Main StHerkimer, NY 13350

Property Details for 135 Main St

Year built

1900

Lot size

0.03 AC

Property size (Sq ft)

1,287 SF

Zone code

C3

Property type

Investment properties

Property subtype

Live-work space

APN

213001 120.25-1-37.2

APU

213001120251372

Description

This exceptional mixed-use property, situated at 135 N Main St Unit 135 in the vibrant town of Herkimer, New York, presents a compelling investment opportunity. Priced affordably at $55,000, this property sits on a conveniently sized 0.03-acre lot, offering significant potential for a variety of uses. The precise square footage is currently unavailable, however, the property's strategic location on Main Street ensures high visibility and accessibility. Its mixed-use designation allows for flexibility in development and tenant occupancy, making it ideal for entrepreneurs seeking a versatile space. The property's location within Herkimer provides easy access to local amenities, transportation routes, and a thriving community. This presents a unique chance to acquire a well-positioned asset in a growing market. Further due diligence is recommended to fully assess the property's potential and to determine its suitability for your specific business needs. The property is being sold "as is," and interested parties are encouraged to conduct thorough inspections before submitting an offer. This is a rare opportunity to acquire a piece of Herkimer's commercial landscape at an attractive price point. Don't miss out on this chance to secure a promising investment in a desirable location. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $319,711

  6.5%

  $295,118

  7%

  $274,038

• Comparable approach

  Method

  Valuation

  Relative Method

  $169,290

  Geo Method

  $168,159

• Alternative Use

  Use

  Valuation

  Residential

  $365,946

  Hospitality

  $335,204

  Educational

  $278,886

  Medical

  $288,477

  Retail

  $433,823

Location Insight

City

Herkimer

County

Herkimer

State

New York

Latitude

43.0261

Longitude

-74.9871

CBSA code

46540

CBSA name

UTICA-ROME, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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