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    142 Main St Mohawk, NY 13407

    Sponsored
    For Sale
    $600,000

    Established venue, ample parking, high potential.

    Property size:
    7,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 7,500 square foot commercial property, located at 142 E Main St in Mohawk, NY, presents a remarkable investment opportunity. Built in 2007 on a nearly one-acre lot (0.96 acres), this landmark building has served as a successful banquet hall, offering a spacious dining area capable of comfortably seating up to 200 guests. Its prime location, just 15 minutes from Utica and 35 minutes from Cooperstown, ensures easy accessibility for patrons from a wide regional area. The property boasts ample on-site parking accommodating up to 60 vehicles, eliminating parking concerns for large events. A significant advantage is the inclusion of a substantial 30x30 detached garage, providing versatile storage space or potential for expansion and additional uses. The property's adaptable design and established history make it suitable for a variety of commercial ventures, including but not limited to, continued operation as a banquet hall, wedding venue, restaurant, or even a funeral home. The asking price for this well-maintained property is $600,000. This is a rare chance to acquire a versatile and established commercial property with significant upside potential in a desirable location.

    Property Features for 142 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,500 SF
    Lot Size
    41,818 SF

    Building Details

    Year Built
    2007
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mohawk
    County
    Herkimer
    State
    New York
    Longitude
    -74.99564
    Latitude
    43.01389

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    FAQs

    What type of property is this?
    Commercial real estate - Established venue, ample parking, high potential.
    Where is this commercial real estate located?
    The property is located at 142 Main St Mohawk, NY.
    What is the asking price?
    The asking price for this property is $600,000.
    (315) 574-2260
    Request Owner's contact information
    142 Main St Mohawk, NY 13407
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    142 Main St Mohawk, NY 13407
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