105 Washington StHerkimer, NY 13350

Property Details for 105 Washington St

Year built

1979

Lot size

4.20 AC

Property size (Sq ft)

89,195 SF

Zone code

C

Property type

Community centers

APN

213001 120.25-3-3.2

APU

21300112025332

Description

This exceptional commercial land pad site is ideally situated on a bustling retail corridor in downtown Herkimer, New York, at 105-107 S. Washington Street, zip code 13350. Boasting convenient access to the New York State Thruway, this property offers unparalleled visibility and accessibility. The site benefits from a high daily traffic count of approximately 25,627 vehicles on NY Route 5, ensuring significant exposure for any business. This single-tenant property is part of a thriving commercial area, sharing tenancy with established businesses such as T-Mobile, WellNow Urgent Care, and Pristine Auto Wash, creating a synergistic environment and attracting a diverse customer base. The property is classified as commercial land in Herkimer County, New York. Its strategic location and high traffic volume make it an exceptional opportunity for developers and businesses seeking a prominent presence in a busy retail hub. The property's address is 105 S Washington St, Herkimer, NY 13350, with coordinates 43.0259666 latitude and -74.9840243 longitude. This is a rare opportunity to acquire a well-positioned commercial land parcel in a high-traffic area with established neighboring businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $25,571,500

  6.5%

  $23,604,500

  7%

  $21,918,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,201,900

  Geo Method

  $12,120,400

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $46,274,800

  Mixed-Use / Specialty

  $23,421,800

  Hospitality / Lodging

  $17,055,600

  Office

  $23,180,100

  Institutional / Educational

  $24,314,000

  Residential Income

  $28,447,400

  Multifamily

  $34,664,400

  Automotive / Energy

  $20,840,600

  Parking / Income-Based Land

  $7,289,160

  Restaurant / Food Service

  $11,971,600

  Healthcare / Senior Housing

  $24,119,600

Location Insight

City

Herkimer

County

Herkimer

State

New York

Latitude

43.026

Longitude

-74.9842

CBSA code

46540

CBSA name

UTICA-ROME, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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