Grocery and Convenience Store with
For Sale
$725,000
112 E Broadway Street, Cape Vincent, NY 13618
Commercial property combines retail sales, laundry facilities, fuel service, motel rooms, and an on-site apartment.
Property Size5,226 SF
Days on Market166
Property Features for 112 E Broadway Street
General Information
Standard status
Active
Size
5,226 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
C, Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$6,340
Amenities
grocery store
laundromat
motel
gas station
two bedroom apartment
Building Details
Building Size
5,226 SF
Year Built
1948
Buildings
3
Stories
2
Units
7
Abandoned
No
Listing Agency:
Lake Ontario Realty, LLC
(315) 649-3434
Listed By:
Gayle Wiley · License #10301224059
Source:
Northstarwny
Added: Mar 3
Changed: Aug 13
Last Checked: Aug 15 at 12:50PM
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 Lake Ontario Realty, LLC
Investment Insights
Based on property information with market context.
This commercial operation at 112 E Broadway Street includes a grocery and convenience store, laundromat, motel, and fuel service offering gas and kerosene. The property also includes a two-bedroom apartment above the store, providing on-site living quarters or an additional rental arrangement as described in the source information.
The laundromat is equipped with 18 washing machines, including 2 extra-large-capacity units, and 15 dryers. Several new dryers have been ordered for installation. Recent property updates include a metal roof covering the convenience store, laundromat, and motel, along with a new gas dispenser and underground fuel lines. The motel contains 6 rooms and provides parking. Built in 1948, the property is zoned C, Commercial, and is located in Cape Vincent, where Lake Ontario meets the St. Lawrence River.
The laundromat is equipped with 18 washing machines, including 2 extra-large-capacity units, and 15 dryers. Several new dryers have been ordered for installation. Recent property updates include a metal roof covering the convenience store, laundromat, and motel, along with a new gas dispenser and underground fuel lines. The motel contains 6 rooms and provides parking. Built in 1948, the property is zoned C, Commercial, and is located in Cape Vincent, where Lake Ontario meets the St. Lawrence River.
Key Highlights
- Combined grocery, convenience store, laundromat, motel, and gas and kerosene service
- Laundromat includes 18 washing machines, including 2 extra‑large‑capacity units, and 15 dryers
- Motel contains 6 rooms with parking available
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,082
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,261,640
$1.3M
Cap Rate 7%
$901,171
$901.2K
Cap Rate 9%
$700,911
$700.9K
Market Conditions
NOI Build-Up for 5,226 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$94.1K $18.00/SF
− Vacancy
−$4.0K −$0.76/SF
EGI
$90.1K $17.24/SF
− OpEx
−$27.0K −$5.17/SF
NOI
$63.1K $12.07/SF
Area
Jefferson County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,261,640
Cap Rate 7%
$901,171
Cap Rate 9%
$700,911
Alternative Uses
Best Use
Retail
$901.2K
$788.5K – $1.05M
NOI $63,082 @ 7.0% cap · market cap 8.70%
Second Best
Hotel Hospitality
$795.5K
$696.1K – $928.1K
NOI $55,688 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,841 @ 7.0% cap · market cap 13.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13618, NY
1,765
Population
2,244
Households
0.8
Avg Household Size
54
Median Age
30%
College-Educated
95%
High-School Grad
48.6 sq mi
ZIP Area
36
Density / Sq Mi
$61,500
Median Household Income
$39,280
Median Earnings
$962
Median Rent
$196,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Commercial property combines retail sales, laundry facilities, fuel service, motel rooms, and an on-site apartment.
Where is this grocery and convenience store located?
The property is located at 112 E Broadway Street Cape Vincent, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Combined grocery, convenience store, laundromat, motel, and gas and kerosene service; Laundromat includes 18 washing machines, including 2 extra‑large‑capacity units, and 15 dryers; Motel contains 6 rooms with parking available
