Historic Mixed-Use
For Sale
$1,950,000
106 Main Street, Boonville, NY 13309
The property combines updated apartments with a leased ground-floor taproom and kitchen.
Property Size15,000 SF
Price / SF$130
Days on Market188
Property Features for 106 Main Street
General Information
Standard status
Active
Size
15,000 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
C1, Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Floor
1
Grease Trap
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Annual Taxes
$15,140
Amenities
coin-operated laundry room
Building Details
Building Size
15,000 SF
Year Built
1812
Buildings
2
Stories
3
Tenancy
Multi
Listing Agency:
The O'Hara Group
(315) 491-6088
Listed By:
Rylee Colomb
(443) 883-6298
Source:
Deeprootedrealty
Added: Apr 22
Changed: Oct 26
Last Checked: Oct 26 at 3:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The O'Hara Group
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Investment Insights
Based on property information with market context.
Dating to 1812, this Main Street mixed-use property brings together renovated apartments and ground-floor commercial space. The commercial tenant operates a taproom and kitchen with an original bar, grease trap, and bathroom. Fujitsu Halcyon DC inverter mini-split systems provide heating and cooling, and the second-floor apartments have an on-demand hot water system and coin-operated laundry with a change machine.
Approximately 6,000 square feet of unfinished area offers additional space within the building. A detached garage at the rear is leased to a local landscaping contractor. The property has 800 AMP, 3-phase electric service at 120/240 VAC, municipal water with two meters, and gas service from National Grid. Apartment electricity is separately metered; the owner covers residential utilities, while the commercial tenant pays its electric and water costs. The site is zoned C1, Commercial, in the Village of Boonville.
Approximately 6,000 square feet of unfinished area offers additional space within the building. A detached garage at the rear is leased to a local landscaping contractor. The property has 800 AMP, 3-phase electric service at 120/240 VAC, municipal water with two meters, and gas service from National Grid. Apartment electricity is separately metered; the owner covers residential utilities, while the commercial tenant pays its electric and water costs. The site is zoned C1, Commercial, in the Village of Boonville.
Key Highlights
- Renovated apartments above a leased taproom and kitchen
- Approximately 6,000 square feet of unfinished space
- Detached rear garage leased to a local landscaping contractor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$178,200
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,564,000
$3.6M
Cap Rate 7%
$2,545,714
$2.5M
Cap Rate 9%
$1,980,000
$2.0M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$324.0K $21.60/SF
− Vacancy
−$38.9K −$2.59/SF
EGI
$285.1K $19.01/SF
− OpEx
−$106.9K −$7.13/SF
NOI
$178.2K $11.88/SF
Area
Oneida County, NY
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,564,000
Cap Rate 7%
$2,545,714
Cap Rate 9%
$1,980,000
Alternative Uses
Best Use
Mixed Use
$2.55M
$2.23M – $2.97M
NOI $178,200 @ 7.0% cap · market cap 9.14%
Second Best
Specialty Retail
$2.47M
$2.16M – $2.88M
NOI $172,773 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$3.95M
$3.46M – $4.61M
NOI $276,696 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
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Business Placement
Demographics for 13309, NY
5,906
Population
2,804
Households
2.1
Avg Household Size
46
Median Age
20%
College-Educated
91%
High-School Grad
145.2 sq mi
ZIP Area
41
Density / Sq Mi
$70,377
Median Household Income
$46,839
Median Earnings
$751
Median Rent
$196,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines updated apartments with a leased ground-floor taproom and kitchen.
Where is this mixed-use property located?
The property is located at 106 Main Street Boonville, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Renovated apartments above a leased taproom and kitchen; Approximately 6,000 square feet of unfinished space; Detached rear garage leased to a local landscaping contractor
