Canton Commercial
37 Gouverneur Street Canton, NY 13617
For Sale
$449,000
Pending
COMMERCIAL - Canton, NY
Property Size3,214 SF
Lot Size0.53 Acres
Days on Market1361
Property Features for 37 Gouverneur Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Exterior features
- Handicapped Entrance
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Pending
- APN
- 88.042-7-17.1
- Size
- 3,214 SF
- Lot size
- 0.53 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7240
Utilities
- Utilities
- Cable Available
- Water source
- Public
Building Details
- Year built
- 1968
- Building materials
- Vinyl siding
- Roof type
- Metal
- Architectural style
- Other
Listing Agency:
Palmer Realty
(315) 742-8100
Listed By:
Ariane Palmer · License #10491211743
(315) 262-6458
Added: Nov 2, 2022
Changed: May 28
Last Checked: Jul 24 at 1:06AM
MLS# 47689
Copyright © 2026 St. Lawrence Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the Village of Canton, this commercial property offers two buildings with high visibility. The property includes 'Bessette's Liquor and Wine', a centrally located business with 25 years of successful operation and a long-standing customer base. The business is near a mix of residences, businesses, non-profits, and educational institutions, all within walking distance. In addition to 'Bessette's Liquor and Wine' store, this commercial business package comes with a beer and convenience store and bottle redemption. The turn-key business offers cold beer and grocery items. The property, situated on a 0.53-acre lot, features 3,214 square feet of space and ample parking. This is a one-stop shop location. The property can be converted to make your next dream of business ownership a reality, or own three longstanding businesses of the North Country!
Key Highlights
- Two commercial buildings with high visibility and conversion potential.
- Includes 'Bessette's Liquor and Wine', a 25‑year established business with a long‑standing customer base.
- Features a beer and convenience store with bottle redemption business.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.9k | $18.96 |
| − Vacancy | −$2.6k | −$0.80 |
| EGI | $58.4k | $18.16 |
| − OpEx | −$17.5k | −$5.45 |
| NOI | $40.9k | $12.71 |
3,214 SF · lease $18.96/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$712.6K
$623.5K – $831.3K
NOI $49,880 @ 7.0% cap · market cap 11.11%
Second Best
Retail
$583.8K
$510.8K – $681.1K
NOI $40,865 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$797.4K
$697.7K – $930.3K
NOI $55,816 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bessette's Liquor's & Wine
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Grocery and convenience store - Two commercial buildings with business opportunities in Canton, NY.
Where is this grocery and convenience store located?
The property is located at 37 Gouverneur Street Canton, NY.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two commercial buildings with **high visibility and conversion potential**.; Includes **'Bessette's Liquor and Wine'**, a 25‑year established business with a long‑standing customer base.; Features a beer and convenience store with bottle redemption business.
