37 Gouverneur StCanton, NY 13617

Property Details for 37 Gouverneur St

Year built

1924

Lot size

0.53 AC

Property size (Sq ft)

1,210 SF

Zone code

01 - NOT ZONED

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

402201 88.042-7-17.1

APU

402201880427171

Description

This exceptional investment opportunity in Canton, NY, presents a chance to acquire two commercial buildings totaling 3,214 square feet on a 0.53-acre lot with 15 parking spaces. The property, built in 1968, currently houses a well-established liquor and wine store, a beer store, and a convenience store, all operating successfully for 22 years and benefiting from a loyal customer base. The central location in Canton offers high visibility near residences, businesses, non-profits, and educational institutions. This turnkey operation includes a long-standing bottle redemption business, providing additional revenue streams. The asking price is $549,000, translating to $170.82 per square foot. The property's versatility allows for continued operation of the existing businesses or conversion to other commercial uses. This is a rare opportunity to own a profitable, established business with significant potential for growth and expansion in a desirable location. Ample parking ensures convenient access for customers. The property presents a unique chance to own multiple established businesses or to adapt the space to suit a variety of commercial ventures. Consider this a truly unique opportunity in the heart of Canton, NY.

• CAP approach

  CAP return

  Valuation

  6%

  $372,723

  6.5%

  $344,052

  7%

  $319,477

• Comparable approach

  Method

  Valuation

  Relative Method

  $246,700

  Geo Method

  $245,053

• Alternative Use

  Use

  Valuation

  Residential

  $344,052

  Hospitality

  $315,149

  Educational

  $262,201

  Medical

  $271,218

  Retail

  $407,868

Location Insight

City

Canton

County

St. Lawrence

State

New York

Latitude

44.5912

Longitude

-75.1754

CBSA code

36300

CBSA name

OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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