Mixed-Use Property With Two
110 E State St, Herkimer, NY 13350
For Sale
$1,800,000
Land, Herkimer, NY
Property Size14,260 SF
Lot Size2.10 Acres
Price / SF$126.23
Days on Market93
Property Features for 110 E State St
General Information
Property type
Property subtype
Zoning description
Exterior features
Lot features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Site & Location
Corner Location
Mixed-Use Components
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Roof type
Buildings
Listing Agency:
Keller-Williams Mohawk Valley · Keller Williams Realty
(315) 701-6900
Listed By:
Delbert Ball · License #10401246417
(315) 868-3933
Added: Aug 9
Changed: Oct 30
Last Checked: Nov 9 at 3:06AM
MLS# S1705568
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use holding at 110 E State St comprises four parcels and two commercial buildings totaling 14,260 square feet. One building is occupied by Dollar General under a long-term lease. The other combines two commercial spaces with second-floor living quarters that include three bedrooms and three bathrooms; the current owner uses both the residence and business areas. The property was built in 1960 and includes a blacktop driveway, public water, natural gas, forced-air heating, and membrane, rubber, and asphalt roofing components.
Daily traffic exceeds 20,000 vehicles, and the site provides plentiful parking. Nearby commercial and healthcare users include WellNow Urgent Care, Bassett Health Center, and T-Mobile, while Hannaford, Walmart, and Herkimer County Community College serve as broader area anchors. The property is located in Herkimer, NY 13350.
Daily traffic exceeds 20,000 vehicles, and the site provides plentiful parking. Nearby commercial and healthcare users include WellNow Urgent Care, Bassett Health Center, and T-Mobile, while Hannaford, Walmart, and Herkimer County Community College serve as broader area anchors. The property is located in Herkimer, NY 13350.
Key Highlights
- Two commercial buildings total 14,260 square feet across four parcels
- Dollar General occupies one building under a long‑term lease
- Second building includes two commercial spaces and living quarters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,383
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,887,660
$2.9M
Cap Rate 7%
$2,062,614
$2.1M
Cap Rate 9%
$1,604,256
$1.6M
Market Conditions
NOI Build-Up for 14,260 SF
Gross rent
$256.7K $18.00/SF
− Vacancy
−$25.7K −$1.80/SF
EGI
$231.0K $16.20/SF
− OpEx
−$86.6K −$6.07/SF
NOI
$144.4K $10.13/SF
Area
Herkimer County, NY
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,887,660
Cap Rate 7%
$2,062,614
Cap Rate 9%
$1,604,256
Alternative Uses
Best Use
Retail
$3.33M
$2.92M – $3.89M
NOI $233,339 @ 7.0% cap · market cap 12.96%
Second Best
Mixed Use
$2.06M
$1.80M – $2.41M
NOI $144,383 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$4.24M
$3.71M – $4.95M
NOI $297,112 @ 7.0% cap · market cap 16.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
127k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 23%
Groceries 22%
Electronics 7%
Hannaford
Groceries
28,193 visits/mo
0.3 miles
Burger King
Dining
20,387 visits/mo
0.1 miles
Dunkin' Donuts
Dining
18,836 visits/mo
0.4 miles
Arby's
Dining
11,941 visits/mo
0.2 miles
Dollar General
Shops & Services
6,695 visits/mo
0.0 miles
Demographics for 13350, NY
9,513
Population
4,709
Households
2
Avg Household Size
41
Median Age
20%
College-Educated
92%
High-School Grad
31.6 sq mi
ZIP Area
301
Density / Sq Mi
$62,548
Median Household Income
$37,975
Median Earnings
$821
Median Rent
$136,400
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four parcels combine leased retail space with owner-occupied commercial and residential components.
Where is this mixed-use property located?
The property is located at 110 E State St Herkimer, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Two commercial buildings total 14,260 square feet across four parcels; Dollar General occupies one building under a long‑term lease; Second building includes two commercial spaces and living quarters
