Harbor Freight Tools Investment
For Sale
Contact for pricing
Pending
232 W Albany St, Herkimer, NY 13350
Single-tenant retail property leased to Harbor Freight Tools.
Property Size26,605 SF
Lot Size1.22 Acres
Days on Market189
Property Features for 232 W Albany St
General Information
Standard status
Pending
Size
26,605 SF
Lot size
1.22 Acres
Property subtype
Retail
Zoning
RETAIL TRADE/LARGE RETAIL OUTLET (453)
Occupancy
100%
Lease Type
Net
Investment Type
Net Lease
Net Operating Income
$75,655
Building Details
Year Renovated
2020
Units
1
Tenancy
Single
Listing Agency:
Silber Investment Properties Ltd
Listed By:
Stephen Spiegel · License #NY 10401350022
Source:
Crexi
Added: Feb 12
Changed: Aug 8
Last Checked: Aug 19 at 5:30AM
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 Silber Investment Properties Ltd
Investment Insights
Based on property information with market context.
The property at 232 W Albany Street in Herkimer, NY, is a single-tenant retail space leased to Harbor Freight Tools USA, LLC. The building has a size of approximately 26,605 square feet and is situated on a 1.22-acre parcel with over 40 parking spaces. The lease extends through June 2030 and includes five 5-year renewal options with 10% rental increases every five years. The property is located along a primary retail corridor near Route 5 and I-90, providing strong visibility and accessibility. It is also located within a federally designated Opportunity Zone. This property offers stable cash flow and attractive yield.
Key Highlights
- Leased to Harbor Freight Tools USA, LLC providing stable cash flow
- Offered at an attractive 8% cap rate on current NOI of $75,655
- Lease runs through June 2030 with renewal options and rental increases, offering long‑term income and growth potential
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
225k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Superstores 33%
Shops & Services 16%
Home Improvements & Furnishings 11%
Walmart
Superstores
73,034 visits/mo
0.4 miles
McDonald's
Dining
24,258 visits/mo
0.2 miles
Burger King
Dining
20,387 visits/mo
0.2 miles
Dunkin' Donuts
Dining
18,836 visits/mo
0.1 miles
Tractor Supply Co.
Home Improvements & Furnishings
15,932 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant retail property leased to Harbor Freight Tools.
Where is this retail space located?
The property is located at 232 W Albany St Herkimer, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Leased to Harbor Freight Tools USA, LLC providing stable cash flow; Offered at an attractive 8% cap rate on current NOI of $75,655; Lease runs through June 2030 with renewal options and rental increases, offering long‑term income and growth potential
