Property profile

105 S Washington St Herkimer, NY 13350

FOR SALE
Community centers
Property ID
US63-4688473
89,195 SF 4.2 ac lot Built 1979
Entity Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial land pad site is ideally situated on a bustling retail corridor in downtown Herkimer, New York, at 105-107 S. Washington Street, zip code 13350. Boasting convenient access to the New York State Thruway, this property offers unparalleled visibility and accessibility. The site benefits from a high daily traffic count of approximately 25,627 vehicles on NY Route 5, ensuring significant exposure for any business. This single-tenant property is part of a thriving commercial area, sharing tenancy with established businesses such as T-Mobile, WellNow Urgent Care, and Pristine Auto Wash, creating a synergistic environment and attracting a diverse customer base. The property is classified as commercial land in Herkimer County, New York. Its strategic location and high traffic volume make it an exceptional opportunity for developers and businesses seeking a prominent presence in a busy retail hub. The property's address is 105 S Washington St, Herkimer, NY 13350, with coordinates 43.0259666 latitude and -74.9840243 longitude. This is a rare opportunity to acquire a well-positioned commercial land parcel in a high-traffic area with established neighboring businesses.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1979
Total area 89,195 SF
Lot 4.2 ac (182,952 SF)
Zoning code C
APN 213001 120.25-3-3.2
UPID US63-4688473

Cap rate & NOI

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

Location

105 S Washington St Herkimer, NY 13350
Herkimer metro Census 11100 UTICA-ROME, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$690k

Owner & transaction history

since 2007
1 recorded transaction
2007
$2.2M

Zoning & alternative use

C · Herkimer, NY

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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