622 Main StPalmyra, NY 14522

Property Details for 622 Main St

Year built

1979

Lot size

0.21 AC

Property size (Sq ft)

2,136 SF

Zone code

C3

Property type

Investment properties

Property subtype

Retail residential properties

APN

543601 65111-09-023603

APU

5436016511109023603

Description

This 2,136 square foot industrial building is situated on a 0.21-acre lot at 622 E Main St, Palmyra, NY. The property boasts a prime location with high traffic, making it ideal for a variety of businesses. While the building requires some tender loving care (TLC), its solid mechanics provide a strong foundation for renovation or repurposing. The building's size and location offer significant potential for investors or entrepreneurs seeking a space to establish or expand their operations. The address is easily accessible, benefiting from the high volume of traffic on East Main Street. This presents a unique opportunity to acquire a well-positioned industrial property in a thriving area at an attractive price point of $84,900. The existing structure offers a solid base for a variety of potential uses, allowing for customization to suit specific business needs. Serious inquiries are encouraged to explore the possibilities this property presents. The 0.21-acre lot provides ample space for potential expansion or outdoor storage, further enhancing its versatility. Don't miss this chance to acquire a valuable piece of commercial real estate in Palmyra, NY.

• CAP approach

  CAP return

  Valuation

  6%

  $427,711

  6.5%

  $394,810

  7%

  $366,609

• Comparable approach

  Method

  Valuation

  Relative Method

  $302,469

  Geo Method

  $432,589

• Alternative Use

  Use

  Valuation

  Residential

  $394,810

  Hospitality

  $361,644

  Educational

  $300,884

  Medical

  $311,231

  Retail

  $468,041

Location Insight

City

Palmyra

County

Wayne

State

New York

Latitude

43.0612

Longitude

-77.2191

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].