252 Main StEast Maine, NY 13790

Property Details for 252 Main St

Year built

1960

Lot size

0.05 AC

Property size (Sq ft)

4,710 SF

Zone code

OSD

Property type

Investment properties

Property subtype

Live-work space

APN

034603 143.57-3-21

APU

3460314357321

Description

This vacant 4,710 square foot storefront at 252 Main Street in Johnson City, NY, presents a unique investment opportunity. Built in 1960, this three-story building sits on a 0.04-acre lot and is zoned UMF, offering versatile layout potential. Architectural plans are available, detailing a large first-floor commercial space with storefront, office, storage, and restroom. The upper two floors comprise a five-bedroom apartment, ideal for student housing given its proximity to nearby schools (a five-minute walk). The asking price is $175,000, translating to $37.15 per square foot. This high-traffic location offers immense potential for retail businesses seeking a prominent presence in the Johnson City area. The property's historic character combined with its adaptable design makes it an attractive prospect for investors looking to create a vibrant commercial and residential hub. The building's size and location make it a compelling investment in a dynamic market.

• CAP approach

  CAP return

  Valuation

  6%

  $726,988

  6.5%

  $671,066

  7%

  $623,133

• Comparable approach

  Method

  Valuation

  Relative Method

  $361,161

  Geo Method

  $615,409

• Alternative Use

  Use

  Valuation

  Residential

  $832,122

  Hospitality

  $762,220

  Educational

  $634,158

  Medical

  $655,967

  Retail

  $986,468

Location Insight

City

Johnson City

County

Broome

State

New York

Latitude

42.1151

Longitude

-75.9557

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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