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Property profile & analytics
OFF-MARKET
Retail space

426 428th S Main St Massena, NY 13662

7,822 SF 0.42 ac lot Built 1965
Individually Owned Absentee Owner Free & Clear
Property ID
US63-2796953
Property summary
AI-generated overview

This exceptional 7,822 square foot multi-family property located at 426 Main St, Massena, NY, presents a compelling investment opportunity. Situated on a 0.42-acre lot, this building offers significant versatility due to its flexible zoning, accommodating a wide range of commercial uses from retail to automotive sales. The property's current configuration includes a spacious two-bedroom apartment on the upper level, currently generating a monthly income of $1,700 from the first floor alone. This income stream provides immediate return on investment, while the expansive commercial space below offers significant potential for further revenue generation. The building's substantial size and prime Main Street location in Massena, NY, ensure high visibility and accessibility. This property is an ideal choice for investors seeking a blend of immediate income and long-term growth potential. The adaptable zoning allows for a variety of business ventures, making it a truly unique and valuable asset. The existing rental income provides a solid foundation for future expansion and development. This is a rare opportunity to acquire a well-located, income-producing property with significant upside potential in a thriving community. Don't miss this chance to secure a valuable piece of Massena real estate.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1965
Total area 7,822 SF
Lot 0.42 ac (18,295 SF)
Zoning code CTD
APN 405801 9.083-6-29.1
UPID US63-2796953
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
TIMOTHY ALGUIRE
TIMOTHY ALGUIRE
Zoning & alternative use
CTD · Massena, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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