1 Main StCanton, NY 13617

  • Investment properties
  • 15,890 SF
For Sale
$995,000 View listing

Property Details for 1 Main St

Year built
1918
Lot size
0.40 AC
Property size (Sq ft)
15,890 SF
Zone code
01 - NOT ZONED
Property type
Investment properties
Property subtype
Live-work space
APN
402201 88.042-11-11
APU
402201880421111

Description

This exceptional commercial property, located at 1 Main St, Canton, NY 13617, presents a unique investment opportunity. Boasting 10,000+ square feet, this well-maintained building is situated at the corner of Main and Riverside streets, offering high visibility and traffic. Constructed in 2010 with quality materials, the property features a first floor with three commercial tenant spaces (two currently leased), a three-level elevator, a sprinkler system, and separate utilities. Ample parking is available, including 27 spaces with 8 in a heated underground garage, plus access to a large municipal lot across the street. The underground garage also provides substantial storage areas and access to a patio overlooking the Grasse River. The building's second floor comprises five sold residential condominiums, contributing to building maintenance. The 0.4-acre lot is conveniently located near the bridge, in the heart of Canton. Detailed traffic data and further information are readily available. Asking price: $995,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,947,322
    6.5%
    $3,643,682
    7%
    $3,383,419
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,090,143
    Geo Method
    $2,076,187
  • Alternative Use

    Use
    Valuation
    Residential
    $4,518,166
    Hospitality
    $4,138,616
    Educational
    $3,443,280
    Medical
    $3,561,699
    Retail
    $5,356,212

Location Insight

City
Canton
County
St. Lawrence
State
New York
Latitude
44.5956
Longitude
-75.1731
CBSA code
36300
CBSA name
OGDENSBURG-MASSENA, NY MICROPOLITAN 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
0
-
$45,000
$531,000
$576,000
-
$60,811
$717,567
$778,378

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