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232 W Albany St Herkimer, NY 13350

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For Sale
$945,000

Single-tenant retail property leased to Harbor Freight Tools.

Type:Retail
Property size:
26,605 SF
Lot size:
1.22 Acres
Added:
Feb 12, 2026
Days on Market:
48
Last Refresh:
Mar 17 at 1:16 pm

Property Features for 232 W Albany St

General Information

Standard status
Active
Size
26,605 SF
Lot size
1.22 Acres
Property subtype
Retail

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Listing Contact
Stephen Spiegel

Listing agent Stephen Spiegel License #NY 10401350022

Listing office Silber Investment Properties Ltd

Listing date Feb 12, 2026

Source Crexi

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


Overview

Harbor Freight Tools Investment Opportunity

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.
Location Intelligence

Current Use by Public Records

Harbor Freight Tools Building Supply

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

Location Insight

  • Map
  • Local Demand
City
Herkimer
County
Herkimer
State
New York
Longitude
-74.9891912
Latitude
43.0244647

FAQs

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 $945,000.
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
More about this property
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