(Price adjustment 8/24) | 257 N Main St
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(Price adjustment 8/24) 257 N Main St
42,617 SF 100% Leased Retail Building Herkimer, NY 13350 $1,268,636 CAD ($30 CAD/SF)
Investment Highlights
- Excellent office tenants
- Very good parking
- Upside potential to rent garage/service space as well as basement
- Walk to restaurants, stores and other downtown businesses
Executive Summary
Downtown Herkimer, NY office building, a 23,600 sf office and mixed use building with entrances on both Main and Prospect Streets. Excellent parking and the office space is 100% occupied! Upside potential for a buyer to rent out the garage and attached service/retail front (which the sellers currently use) and also convert the basement to storage, gym, etc. Gross income of over $230,000 per year. Office tenants are a government entity who has been there for over twenty years and the other is a local not for profit agency who just signed a new lease. Priced at $45/sf, this property offered at well under replacement costs at $1,075,000. Herkimer is the county seat of Herkimer County, is just off the NY State Thruway (Rt. 90) and is halfway between Syracuse and Albany.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
42,617 SF
Building Class
C
Year Built
1987
Price
$1,268,636 CAD
Price Per SF
$30 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.49
Lot Size
2.00 AC
Opportunity Zone
Yes
Zoning
C3 - Commercial
Parking
50 Spaces (2.12 Spaces per 1,000 SF Leased)
Frontage
109 ft on Main St St
Amenities
- Signage
Walk Score ®
Very Walkable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 213001-113-081-0006-036-000-0000 | Improvements Assessment | $279,022 CAD |
| Land Assessment | $50,476 CAD | Total Assessment | $329,498 CAD |
PROPERTY TAXES
Parcel Number
213001-113-081-0006-036-000-0000
Land Assessment
$50,476 CAD
Improvements Assessment
$279,022 CAD
Total Assessment
$329,498 CAD
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(Price adjustment 8/24) | 257 N Main St
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