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Caroline St Herkimer, NY 13350

OFF-MARKET Commercial real estate Google Maps
5,131 SF 0.6 ac lot Built 1950
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional commercial property, located on S Caroline St in Herkimer, NY, presents a fantastic investment opportunity. Boasting a generous 5,131 square feet of space, this general commercial building sits on a sizable 0.6-acre lot, offering ample room for expansion or outdoor activities. The property's strategic location in Herkimer provides excellent visibility and accessibility, making it ideal for a variety of businesses. The asking price is $575,000, representing a compelling value for a property of this size and potential. The building's interior layout is adaptable to suit diverse business needs, offering significant flexibility for future tenants or owners. Its substantial footprint and prominent location make it a highly attractive prospect for entrepreneurs and investors seeking a strong foothold in the Herkimer market. The 0.6-acre lot provides ample parking and potential for future development. Serious inquiries are encouraged to explore the possibilities this property offers. This is a rare opportunity to acquire a significant commercial space in a desirable Herkimer location. Don't miss out on this chance to secure a valuable asset in a thriving community. Further details and viewing arrangements can be made upon request.

Property profile

Verified
Property type Commercial real estate
Year built 1950
Total area 5,131 SF
Lot 0.6 ac (26,136 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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