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Property profile

6162 State Highway 12 Norwich, NY 13815

Commercial real estate
Property ID
US63-1910046
View Sample
189 SF 0.61 ac lot Built 1968
Entity Owned 10-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional 1.01-acre commercial lot presents a remarkable investment opportunity in the heart of Norwich, NY. Situated at the bustling intersection of State Highway 12 and County Road 320, this property enjoys unparalleled visibility and accessibility, boasting an estimated 15,000 vehicles passing daily. Its strategic location within the North Plaza makes it an ideal site for a variety of commercial ventures. The property's significant advantage lies in its readily available utilities, including water, sewer, electrical, and gas hookups, simplifying the development process and minimizing upfront costs. This eliminates the need for extensive infrastructure investment, allowing businesses to focus on operations and growth. The high traffic count guarantees significant exposure to potential customers, making this lot particularly suitable for businesses that thrive on high visibility, such as convenience stores, fast-food restaurants, or retail outlets. The property's location at the gateway to Chenango County further enhances its appeal, offering access to a substantial customer base. This is a rare opportunity to acquire a prime commercial lot in a thriving location with excellent infrastructure and high traffic volume. Don't miss this chance to establish your business in a highly visible and accessible location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1968
Total area 189 SF
Lot 0.61 ac (26,572 SF)
APN 084200 123.-1-39
UPID US63-1910046

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2016
2 recorded transactions
2016
$60,000
2016
Price N/A

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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