11 Main StCanton, NY 13617

Property Details for 11 Main St

Year built

1880

Lot size

0.05 AC

Property size (Sq ft)

2,552 SF

Zone code

01 - NOT ZONED

Property type

Investment properties

Property subtype

Live-work space

APN

402201 88.042-3-28

APU

40220188042328

Description

This exceptional three-story commercial building, located at 11 Main St in the heart of Canton, NY, presents a fantastic investment opportunity. Boasting a total of 3,200 square feet, the property features two distinct units, each with its own separate entrance. The main floor is ideally suited for a restaurant, complete with a recently installed commercial kitchen equipped with appliances, ample storage space, and central air conditioning. Recent renovations include a new commercial awning, updated plumbing and electrical systems, new flooring, and two new ADA-compliant bathrooms. Two inground sump pumps provide reliable protection against water damage. A new front window enhances curb appeal. The upper floor comprises three spacious office rooms, a kitchenette, and a newly renovated bathroom. This unit could easily be converted into a residential apartment. The building benefits from convenient parking both in front and at the rear. This property offers a blend of modern amenities and prime downtown location, making it an attractive proposition for a variety of commercial ventures. The building's recent updates minimize immediate capital expenditure needs, allowing for a smooth transition and immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $633,956

  6.5%

  $585,190

  7%

  $543,391

• Comparable approach

  Method

  Valuation

  Relative Method

  $335,686

  Geo Method

  $333,444

• Alternative Use

  Use

  Valuation

  Residential

  $725,636

  Hospitality

  $664,679

  Educational

  $553,005

  Medical

  $572,024

  Retail

  $860,230

Location Insight

City

Canton

County

St. Lawrence

State

New York

Latitude

44.5957

Longitude

-75.1722

CBSA code

36300

CBSA name

OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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