87 Main StMassena, NY 13662

Property Details for 87 Main St

Year built

1998

Lot size

0.94 AC

Property size (Sq ft)

11,152 SF

Zone code

CBD

Property type

Retail properties

Property subtype

Retail space

APN

405801 9.067-2-16.1

APU

40580190672161

Description

This exceptional freestanding retail building, formerly a Rite Aid, presents a unique investment opportunity in Massena, NY. Located at 87 Main St, this single-tenant property boasts a substantial 11,130 square feet of vacant space, ready for immediate occupancy. Constructed in 1998, the building features an attractive brick façade and benefits from high visibility at a busy, signalized intersection near the downtown area. The property offers ample parking with 40 spaces available for customers and employees. Its strategic location provides frontage on three streets, maximizing exposure and accessibility. The single-story building is well-suited for a variety of uses, including retail, medical offices, or general office space. The property's parcel number is 9.067-2-16.1 within St. Lawrence County. This prime location in Massena, NY (zip code 13662), offers excellent potential for a new business or expansion. The property's size and location make it an ideal candidate for a variety of commercial ventures. The absence of elevators is noted. Cross Street is Orivs Street. This is a rare opportunity to acquire a well-situated, sizable commercial property in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $4,072,384

  6.5%

  $3,759,124

  7%

  $3,490,615

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,696,625

  Geo Method

  $3,671,943

• Alternative Use

  Use

  Valuation

  Residential

  $3,170,962

  Hospitality

  $2,904,584

  Educational

  $2,416,580

  Medical

  $2,499,690

  Retail

  $3,759,124

Location Insight

City

Massena

County

St. Lawrence

State

New York

Latitude

44.9306

Longitude

-74.8919

CBSA code

36300

CBSA name

OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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