Bakery Storefront with
For Sale
$249,000
1 S Main Street, Norfolk, NY 13667
The single-level commercial space is zoned Com 1 and includes most of the bakery equipment.
Property Size1,400 SF
Price / SF$177.86
Days on Market288
Property Features for 1 S Main Street
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Commercial
Zoning
Com 1
Additional Details
Business Included
Yes
Building Details
Building Size
1,400 SF
Year Built
1950
Stories
1
Listing Agency:
Kassian Real Estate, LLC
(315) 769-0025
Listed By:
Lucille Kassian · License #40KA0346866
(315) 250-2383
Source:
Homerootsrealty
Added: Jan 12
Changed: Oct 26
Last Checked: Oct 26 at 4:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kassian Real Estate, LLC
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Investment Insights
Based on property information with market context.
This 1,400-square-foot storefront in Norfolk is arranged for bakery operations. The single-story building, constructed in 1950, has gas heat and an electric water heater, and most of the bakery equipment is included. The property is zoned Com 1 and has on-site parking for customers and staff.
The site is on a state highway between Potsdam and Massena. The offering combines a bakery-oriented commercial building with existing equipment and parking.
The site is on a state highway between Potsdam and Massena. The offering combines a bakery-oriented commercial building with existing equipment and parking.
Key Highlights
- 1,400‑square‑foot, single‑story storefront
- Most bakery equipment included
- Com 1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,727
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,540
$434.5K
Cap Rate 7%
$310,386
$310.4K
Cap Rate 9%
$241,411
$241.4K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$30.2K $21.60/SF
− Vacancy
−$1.3K −$0.91/SF
EGI
$29.0K $20.69/SF
− OpEx
−$7.2K −$5.17/SF
NOI
$21.7K $15.52/SF
Area
St. Lawrence County, NY
Vacancy
4.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,540
Cap Rate 7%
$310,386
Cap Rate 9%
$241,411
Alternative Uses
Best Use
Specialty Retail
$310.4K
$271.6K – $362.1K
NOI $21,727 @ 7.0% cap · market cap 8.73%
Second Best
Retail
$254.3K
$222.5K – $296.7K
NOI $17,800 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$347.3K
$303.9K – $405.2K
NOI $24,313 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 13667, NY
3,217
Population
1,597
Households
2
Avg Household Size
44
Median Age
12%
College-Educated
83%
High-School Grad
47.0 sq mi
ZIP Area
68
Density / Sq Mi
$57,114
Median Household Income
$41,341
Median Earnings
$790
Median Rent
$111,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - The single-level commercial space is zoned Com 1 and includes most of the bakery equipment.
Where is this storefront property located?
The property is located at 1 S Main Street Norfolk, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,400‑square‑foot, single‑story storefront; Most bakery equipment included; Com 1 zoning
