10 Main StMarathon, NY 13803

Property Details for 10 Main St

Year built

1900

Lot size

0.07 AC

Property size (Sq ft)

2,938 SF

Zone code

06 - INDUSTRIAL

Property type

Investment properties

Property subtype

Live-work space

APN

113401 158.17-01-11.000

APU

113401158170111000

Description

This versatile Marathon, NY commercial property presents a unique investment opportunity. Located at 10 Main Street, this 3,957 square foot building sits on a 0.07-acre lot and offers a blend of commercial and residential space. The ground floor boasts a spacious storefront featuring both front and rear access points, ensuring convenient accessibility for all patrons, including those with disabilities. A well-equipped kitchen area and an attractive ice cream window add to the property's appeal. High ceilings and a balcony provide ample space and a pleasant atmosphere. The commercial space is further enhanced by its prime location in Marathon, NY, offering easy access to local amenities. Upstairs, a substantial three-bedroom apartment provides additional income potential or comfortable living quarters. The property is being sold in its current "as is" condition, allowing for creative renovation and customization to suit the buyer's specific needs and vision. This property is ideal for a variety of uses, from retail to restaurant to mixed-use development. The combination of commercial and residential space makes this a truly unique and potentially highly profitable investment. Don't miss this chance to own a piece of Marathon's vibrant commercial landscape. The asking price is $98,000.

• CAP approach

  CAP return

  Valuation

  6%

  $474,438

  6.5%

  $437,943

  7%

  $406,661

• Comparable approach

  Method

  Valuation

  Relative Method

  $268,410

  Geo Method

  $383,879

• Alternative Use

  Use

  Valuation

  Residential

  $543,049

  Hospitality

  $497,430

  Educational

  $413,856

  Medical

  $428,089

  Retail

  $643,776

Location Insight

City

Marathon

County

Cortland

State

New York

Latitude

42.4404

Longitude

-76.0343

CBSA code

18660

CBSA name

CORTLAND, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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