75 Main StMorrisville, NY 13408

Property Details for 75 Main St

Year built

1957

Lot size

0.07 AC

Property size (Sq ft)

2,417 SF

Property type

Office buildings

APN

252601 111.15-1-59

APU

25260111115159

Description

This unique 199,500 dollar property, located at 75 Main Street in Morrisville, New York (zip code 13408), presents a remarkable investment opportunity. Previously a bank, this adaptable flex space offers a multitude of potential uses. Currently configured as a group meeting facility with integrated private living quarters, it's perfectly suited for conversion into a restaurant, office space, or a single or multi-family residence. The building boasts four parking spaces, accessible from both the front and rear of the property, ensuring convenient access. Its distinctive period design and an existing vault add character and create a unique backdrop for any future development. The property's location within the Village of Morrisville provides easy access to local amenities and transportation. Note that showings and negotiations for this property will commence on Friday, March 22, 2024, at 9:00 AM. This is a rare opportunity to acquire a versatile property with significant potential in a desirable location. Don't miss out on this chance to reimagine this historic space and create your ideal business or residential setting.

• CAP approach

  CAP return

  Valuation

  6%

  $600,420

  6.5%

  $554,234

  7%

  $514,646

• Comparable approach

  Method

  Valuation

  Relative Method

  $317,928

  Geo Method

  $315,805

• Alternative Use

  Use

  Valuation

  Residential

  $687,250

  Hospitality

  $629,518

  Educational

  $523,751

  Medical

  $541,764

  Retail

  $814,724

Location Insight

City

Morrisville

County

Madison

State

New York

Latitude

42.899

Longitude

-75.6432

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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