105 Washington StHerkimer, NY 13350

  • Retail properties
  • 89,195 SF
For Lease

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
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $32,571,408
    6.5%
    $30,065,916
    7%
    $27,918,350
  • Comparable approach

    Method
    Valuation
    Relative Method
    $29,566,038
    Geo Method
    $29,368,632
  • Alternative Use

    Use
    Valuation
    Residential
    $25,361,724
    Hospitality
    $23,231,204
    Educational
    $19,328,088
    Medical
    $19,992,810
    Retail
    $30,065,916
105 Washington St, Herkimer, New York

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$121,687
$400,000
$450,000
$850,000
-
$588,235
$661,765
$1,250,000

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