71 Main StCanton, NY 13617
- Retail properties
- 3,200 SF
Property Details for 71 Main St
- Year built
- 2004
- Lot size
- 0.77 AC
- Property size (Sq ft)
- 3,200 SF
- Zone code
- 01 - NOT ZONED
- Property type
- Retail properties
- Property subtype
- Gas stations
- APN
- 402201 88.035-6-30
- APU
- 40220188035630
Description
This exceptional 3-story mixed-use building at 71 Main Street, Canton, NY 13617, presents a compelling investment opportunity. The property boasts 7,050 square feet on a half-acre lot and is currently operating at full occupancy, generating a strong cash flow. Recently remodeled, the building comprises a mix of apartment units and a storefront, offering immediate income potential. A significant value-add component exists in the form of 2,500 square feet of unfinished basement space, ripe for development and expansion. The building's prime location on Main Street ensures high visibility and traffic, further enhancing its investment appeal. Its proximity to both SUNY Canton and St. Lawrence University provides a stable tenant base and strong rental demand. This fully occupied, cash-flowing property offers a rare chance to acquire a renovated multifamily building with significant upside potential in a desirable college town setting. The asking price is $599,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,168,546
- 6.5%
- $1,078,658
- 7%
- $1,001,611
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,060,724
- Geo Method
- $1,053,642
-
Alternative Use
- Use
- Valuation
- Residential
- $909,889
- Hospitality
- $833,453
- Educational
- $693,423
- Medical
- $717,271
- Retail
- $1,078,658
Location Insight
- City
- Canton
- County
- St. Lawrence
- State
- New York
- Latitude
- 44.5968
- Longitude
- -75.1576
- CBSA code
- 36300
- CBSA name
- OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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