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    Retail, Deli, and Apartments Title is generated by Realmo AI

    1142 New York 122, Constable, NY 12926

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    For Sale
    $165,000

    COMMERCIAL - Constable, NY

    Property size:
    3,500 SF
    Lot size:
    0.75 Acres
    Price / SF:
    $47/SF
    Added:
    Mar 12, 2026
    Days on Market:
    66
    Last Refresh:
    May 16 at 10:06 pm

    Property Features for 1142 New York 122

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot, Off Street
    Basement
    Unfinished, Partial
    Appliances
    Electric Water Heater
    Standard status
    Active
    Size
    3,500 SF
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4893

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Forced Air, Heat Pump (Heating), Oil, Baseboard, Electric (Heating)
    Cooling system
    Heat Pump
    Water source
    Well

    Building Details

    Year built
    1920
    Building materials
    Frame, Vinyl Siding, 2x6 Walls
    Roof type
    Composition

    We can help!

    Listing Contact
    Edward Legacy

    Listing agent Edward Legacy

    Listing office North Country Realty 3415 State Route 11, Malone, NY

    Listing date Mar 12, 2026

    MLS# 206697

    Copyright © 2026 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two fully remodeled apartments (2 bed, 1 bath) providing immediate rental income ($950 & $850/month).
    • Turnkey deli/retail space (1500 sq ft) with updated equipment and fixtures, ready for reopening.
    • Prime location as the only convenience store opportunity in Constable.
    • Includes essential equipment: 8x12 walk‑in cooler, 1000‑gallon gas tank with pump, new ATM, cash register, and safe.
    • Updated systems in both apartments: new electrical, heating, plumbing, hot water, windows, doors, walls, ceilings, floors, and roof.
    • Equipped with a reverse osmosis water system and a heat pump for both heating and cooling.

    Overview

    This property features Lizzie Ann's Deli, a 1,500-square-foot retail space with deli and storage areas, including an 8x12 walk-in cooler and a half bath. It is equipped with a 1,000-gallon gas tank, pump equipment, and a computer system. Heating is provided by a monitor and a heat pump that also functions as an AC unit. The water system includes reverse osmosis. The property also has a new ATM machine, cash register, and safe. The equipment and fixtures were updated 6 years ago. Included are two fully remodeled apartments, each with two bedrooms and one bath. One apartment rents for $950, with the owner covering the electric bill due to the water pump. The other apartment rents for $850, with the tenant responsible for utilities. The apartments feature new electrical, heating, plumbing, hot water, windows, doors, walls, ceilings, floors, and roof. The kitchens have new cabinets and newer appliances, and the bathrooms are also new. The store has been closed for 4 years due to health concerns. The property, situated on a 0.75-acre lot, offers 3,500 square feet of space and presents an opportunity to live in an apartment with an attached storefront. It is located in Constable, NY, and could be the only convenience store in the town.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Food Market Grocery & Convenience Store Bar & Pub (Bike/Boat/Book/etc) Store Adult Day Care

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Constable
    County
    Franklin
    State
    New York
    Longitude
    -74.297035
    Latitude
    44.928712

    FAQs

    What type of property is this?
    Grocery and convenience store - Retail space with two remodeled apartments in Constable, NY.
    Where is this grocery and convenience store located?
    The property is located at 1142 New York 122 Constable, NY.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: Two fully remodeled apartments (2 bed, 1 bath) providing immediate rental income ($950 & $850/month).; Turnkey deli/retail space (1500 sq ft) with updated equipment and fixtures, ready for reopening.; Prime location as the only convenience store opportunity in Constable.
    (518) 832-0616
    We can help!
    Listing Contact
    Edward Legacy
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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