11-13 William StBath, NY 14810

Property Details for 11-13 William St

Year built

1910

Lot size

0.27 AC

Property size (Sq ft)

12,320 SF

Zone code

03 - MULTI-FAMILY

Property type

Investment properties

Property subtype

Live-work space

APN

462401 159.13-01-044.000

APU

4624011591301044000

Description

This exceptional mixed-use property, located at 11-13 E William St in Bath, NY, presents a compelling investment opportunity. The 12,320 square foot building, constructed in 1910 and situated on a 0.27-acre lot, boasts a strong 11.00% capitalization rate and a net operating income (NOI) of $74,416. The asking price is $675,000, translating to $54.79 per square foot. The property is zoned COMM and comprises a single, two-story building. Income streams are diversified across multiple uses. A well-equipped laundromat occupies a portion of the ground floor, alongside office space and salons. Upstairs, eight apartments generate rental income, with seven recently updated. The building benefits from a new roof installed in 2022. This prime downtown Bath location offers excellent visibility and accessibility, making it an ideal investment for those seeking a stable and high-yielding property with multiple income streams. The property's strong financial performance, combined with its diverse tenant base and recent improvements, makes it a truly attractive proposition. This is a rare chance to acquire a well-established, profitable mixed-use building in a desirable New York location. The property's combination of commercial and residential units provides a balanced and resilient income stream. Don't miss this chance to own a piece of downtown Bath.

• CAP approach

  CAP return

  Valuation

  6%

  $1,989,474

  6.5%

  $1,836,437

  7%

  $1,705,263

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,125,533

  Geo Method

  $775,051

• Alternative Use

  Use

  Valuation

  Residential

  $2,277,182

  Hospitality

  $2,085,887

  Educational

  $1,735,433

  Medical

  $1,795,117

  Retail

  $2,699,563

Location Insight

City

Bath

County

Steuben

State

New York

Latitude

42.3355

Longitude

-77.3171

CBSA code

18500

CBSA name

CORNING, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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