324 N Prospect St | Herkimer, NY 13350
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- LoopNet Team
324 N Prospect St
Herkimer, NY 13350
Citizens Bank · Retail Property For Sale
Investment Highlights
- Absolute triple net lease with investment-grade credit and annual rent escalations.
- Located in Downtown Herkimer, just outside Utica and halfway between Albany and Syracuse.
- There are over 38,000 residents within a 15-minute drive, and this branch has $31 million in deposits.
- Nearby area tenants include major brands like WalMart, McDonald's, and Dollar General.
- The tenant recently executed a three-year lease extension, showing their commitment to the site.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Bank
Building Size
3,155 SF
Building Class
B
Year Built
1974
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.36 AC
Zoning
C3
Parking
11 Spaces (3.47 Spaces per 1,000 SF Leased)
Frontage
89 ft on Prospect St
Amenities
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 213001-113-081-0006-031-000-0000 | Improvements Assessment | $503,367 |
| Land Assessment | $44,415 | Total Assessment | $547,782 |
PROPERTY TAXES
Parcel Number
213001-113-081-0006-031-000-0000
Land Assessment
$44,415
Improvements Assessment
$503,367
Total Assessment
$547,782
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