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    234 Sunset Ave Herkimer, NY 13350

    For Sale
    $550,000

    Three-lot commercial property, high traffic area.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional commercial redevelopment opportunity encompasses three contiguous parcels totaling 0.29 acres at 234 Sunset Ave, Herkimer, NY. Currently featuring a commercial repair shop and two single-family dwellings, the seller requires the sale of all three parcels together, "as is," for redevelopment purposes. This prime location sits on a major four-corner intersection boasting an impressive 20,000 vehicles passing daily, ensuring high visibility and accessibility for any new venture. The property's strategic positioning offers unparalleled exposure, situated within sight of a Walmart main entrance and adjacent to established fast-food giants such as KFC, Taco Bell, and McDonald's. This high-traffic area presents an ideal setting for a variety of commercial uses, including but not limited to a coffee shop or small retail establishment. The existing structures provide a solid foundation for redevelopment, allowing for creative adaptation or complete demolition to suit a new development plan. The combined acreage and high daily traffic count make this a rare and compelling investment opportunity in a thriving commercial zone. The asking price for this unique redevelopment project is $550,000. Serious inquiries only.

    Property Features for 234 Sunset Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    12,632 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Herkimer
    County
    Herkimer
    State
    New York
    Longitude
    -74.99363
    Latitude
    43.02189

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    FAQs

    What type of property is this?
    Commercial real estate - Three-lot commercial property, high traffic area.
    Where is this commercial real estate located?
    The property is located at 234 Sunset Ave Herkimer, NY.
    What is the asking price?
    The asking price for this property is $550,000.
    (315) 701-6900
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    Herkimer, NY 13350
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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
    234 Sunset Ave Herkimer, NY 13350
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