257 N Main St - Storefront Retail/Office FOR SALE


Herkimer, NY 13350
$895,000 USD
315-439-4816
257 N Main St, Herkimer, NY for Sale
$895,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | Request Cap Rate

257 N Main St
Herkimer, NY 13350


HIGHLIGHTS

  • Excellent office tenants
  • Upside potential to rent garage/service space as well as basement
  • Very good parking
  • Walk to restaurants, stores and other downtown businesses

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$21 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

(Price adjustment 8/24)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

C3

APN/PARCEL ID

213001-113-081-0006-036-000-0000

ASK ABOUT THIS PROPERTY

Christine O'Connell MoreO'Connell More Consulting & Real EstateMore Info
315-439-4816

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Christine O'Connell MoreO'Connell More Consulting & Real EstateMore Info
315-439-4816

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.