1034 Us Highway 11Gouverneur, NY 13642

Property Details for 1034 Us Highway 11

Year built

1950

Lot size

0.36 AC

Property size (Sq ft)

1,262 SF

Zone code

R

Property type

Retail properties

Property subtype

Retail space

APN

404089 173.054-1-27

APU

404089173054127

Description

This versatile 1,383 square foot building presents a compelling investment opportunity in the thriving town of Gouverneur, New York. Situated on a sizable 0.35-acre lot, this property offers exceptional flexibility for a wide range of uses. Its current configuration allows for immediate occupancy and adaptation to various business needs, making it ideal for entrepreneurs seeking a ready-made space. Alternatively, the property's size and location could be perfectly suited for expansion or redevelopment. The ample lot provides significant potential for future development or outdoor space, depending on the intended use. Located at 1034 US Highway 11, this property benefits from high visibility and convenient access to major transportation routes, ensuring excellent exposure and accessibility for any business. The asking price of $126,000 represents a significant value proposition in the current market, making this an attractive investment for both seasoned investors and first-time buyers. Don't miss this chance to acquire a property with substantial upside in a desirable location. The property's adaptability makes it suitable for a variety of commercial ventures or even a potential residential conversion, subject to local zoning regulations. Serious inquiries are encouraged to explore the full potential of this unique offering.

• CAP approach

  CAP return

  Valuation

  6%

  $460,846

  6.5%

  $425,396

  7%

  $395,010

• Comparable approach

  Method

  Valuation

  Relative Method

  $418,323

  Geo Method

  $415,530

• Alternative Use

  Use

  Valuation

  Residential

  $358,837

  Hospitality

  $328,693

  Educational

  $273,469

  Medical

  $282,874

  Retail

  $425,396

Location Insight

City

Gouverneur

County

St. Lawrence

State

New York

Latitude

44.3153

Longitude

-75.4926

CBSA code

36300

CBSA name

OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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