Map
Link Copied
Listed price in listed location currency (USD).
$550,000

00100

MLS® S1592793

  • Key Facts
  • Description
  • Map

Key Facts

Type Office
Levels Commercial Sale
Size 15400 sqft
Garage No
Maintenance Fees 
Taxes $23,237
Days Active 263
Approx. Age 1965
Avg. Price Per Sqft $35
MLS® Number S1592793

Property Address: 31 N Main St, Sherburne, NY, 13460-9514

Average square foot calculated using Size range provided by listing agent.

Description

Unique Investment Opportunity This property presents a distinctive and attractive investment opportunity for potential investors. With a tenant already in place, the annual income generated ensures a return on investment in less than five years. The tenant is responsible for paying rent, and the investor has the option to take over the gas operations or allow the tenant to continue managing it. Depending on this decision, the potential income ranges from $18, 000 to $36, 000 per year. Additionally, the tenant is accountable for the annual taxes totaling $23, 300, as well as all maintenance and utility expenses. This arrangement saves the investor nearly $60, 000 per year, significantly reducing the overall operational burden and enhancing profitability. Property Features and Flexibility The building encompasses a total of 15, 400 square feet and offers flexible use, as it can be easily subdivided. This versatility allows the owner to lease portions of the space to multiple businesses, thereby maximizing rental income and catering to various business requirements. Land and Site Improvements The sale includes three separate lots or parcels, collectively covering more than three acres. The property is further enhanced with asphalt paving, a gas station (maintained by Gas Company), an air station, and the main building. LOTS 44.16-2-23 44.16-2-24 44.16-2-25
MLS® NumberS1592793
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1965
Stories1
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Land and Building, Other - See Remarks

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 17, 2025List Date
$550,000List Price
  • Commute

Commute

Starting Address
Destination Address
31 N Main St, Sherburne, NY

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Comparable Properties