Former Gas Station with Garage
240 Dodge Ave, Sackets Harbor, NY 13685
For Sale
New
$299,900
The vacant building combines an open retail area with additional spaces accessed through overhead doors.
Property Size3,496 SF
Lot Size0.50 Acres
Days on Market1
Property Features for 240 Dodge Ave
General Information
Standard status
Size
Lot size
Property subtype
Property Condition
Severity
Evidence
Additional Details
Real Estate Included
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Marzano Real Estate, LLC.
Listed By:
Anne Harrienger · License #10401332871
(315) 788-7777
Source:
Elliman
Added: Nov 6
Last Checked: Nov 6 at 2:50PM
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 Marzano Real Estate, LLC.
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Investment Insights
Based on property information with market context.
This vacant commercial property contains just under 3,500 square feet on approximately half an acre. Its layout includes a large open area and separate spaces with overhead garage door access, along with another area formerly occupied by a small repair operator. The building dates to 1901 and requires work. Past uses included grocery retail, a gas station, a coffee shop, and small engine repair.
Parking is available at the front, side, and rear of the building. The property is on Dodge Avenue in Sackets Harbor, less than a five-minute walk from downtown Main Street.
Parking is available at the front, side, and rear of the building. The property is on Dodge Avenue in Sackets Harbor, less than a five-minute walk from downtown Main Street.
Key Highlights
- Just under 3,500 square feet on approximately half an acre
- Building constructed in 1901
- Additional spaces have overhead garage door access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,622
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,440
$432.4K
Cap Rate 7%
$308,886
$308.9K
Cap Rate 9%
$240,244
$240.2K
Market Conditions
NOI Build-Up for 3,496 SF
Gross rent
$33.1K $9.48/SF
− Vacancy
−$2.3K −$0.64/SF
EGI
$30.9K $8.84/SF
− OpEx
−$9.3K −$2.65/SF
NOI
$21.6K $6.18/SF
Area
Jefferson County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,440
Cap Rate 7%
$308,886
Cap Rate 9%
$240,244
Alternative Uses
Best Use
Retail
$602.9K
$527.5K – $703.3K
NOI $42,200 @ 7.0% cap · market cap 14.07%
Second Best
Specialty Retail
$512.4K
$448.4K – $597.8K
NOI $35,870 @ 7.0% cap · market cap 11.96%
Theoretical Best
Office A
$963.7K
$843.2K – $1.12M
NOI $67,459 @ 7.0% cap · market cap 22.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
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Business Placement
Demographics for 13685, NY
2,224
Population
1,444
Households
1.5
Avg Household Size
43
Median Age
42%
College-Educated
97%
High-School Grad
14.3 sq mi
ZIP Area
156
Density / Sq Mi
$85,195
Median Household Income
$54,185
Median Earnings
$1,364
Median Rent
$286,300
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Gas station - The vacant building combines an open retail area with additional spaces accessed through overhead doors.
Where is this gas station located?
The property is located at 240 Dodge Ave Sackets Harbor, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Just under 3,500 square feet on approximately half an acre; Building constructed in 1901; Additional spaces have overhead garage door access
