Small Storefront
For Sale
Contact for pricing
290 Grand Ave, Johnson City, NY 13790
Compact commercial building with upgraded electrical service and water, sewer, electric, and gas connections.
Property Size400 SF
Lot Size0.04 Acres
Price / SF$112.50
Days on Market149
Property Features for 290 Grand Ave
General Information
Standard status
Active
Size
400 SF
Lot size
0.04 Acres
Property subtype
Retail
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1960
Construction
block
Listing Agency:
Elmira-Howard Hanna Real Estate Services Inc
Listed By:
Keith Arnold · License #NY 10401289330
Source:
Crexi
Added: May 19
Changed: Oct 2
Last Checked: Oct 12 at 6:41PM
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 Elmira-Howard Hanna Real Estate Services Inc
Investment Insights
Based on property information with market context.
This 400-square-foot block storefront was built in 1960 and is currently configured as a small hair salon. The building has updated electrical service, with water, sewer, electric, and gas in place. It is being offered in its existing condition and provides a compact commercial footprint for a small business operation.
Located at 290 Grand Ave in Johnson City, the property is identified for storefront use and has supported salon operations. The source information also identifies potential applications including retail, barber shop, office, or another small business use.
Located at 290 Grand Ave in Johnson City, the property is identified for storefront use and has supported salon operations. The source information also identifies potential applications including retail, barber shop, office, or another small business use.
Key Highlights
- 400‑square‑foot block building on .04 acres
- Updated electrical service
- Water, sewer, electric, and gas in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,024
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$80,480
$80.5K
Cap Rate 7%
$57,486
$57.5K
Cap Rate 9%
$44,711
$44.7K
Market Conditions
NOI Build-Up for 400 SF
Gross rent
$6.0K $15.00/SF
− Vacancy
−$252 −$0.63/SF
EGI
$5.7K $14.37/SF
− OpEx
−$1.7K −$4.31/SF
NOI
$4.0K $10.06/SF
Area
Broome County, NY
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$80,480
Cap Rate 7%
$57,486
Cap Rate 9%
$44,711
Alternative Uses
Best Use
Retail
$57.5K
$50.3K – $67.1K
NOI $4,024 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$99.2K
$86.8K – $115.8K
NOI $6,947 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
999
Businesses Nearby
34k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 87%
Shops & Services 13%
McDonald's
Dining
25,534 visits/mo
0.4 miles
Dunkin' Donuts
Dining
3,763 visits/mo
0.3 miles
NBT Bank
Shops & Services
3,046 visits/mo
0.5 miles
Storage Rentals of America
Shops & Services
1,491 visits/mo
0.4 miles
Demographics for 13790, NY
18,478
Population
9,585
Households
1.9
Avg Household Size
43
Median Age
29%
College-Educated
89%
High-School Grad
27.2 sq mi
ZIP Area
679
Density / Sq Mi
$54,764
Median Household Income
$37,360
Median Earnings
$985
Median Rent
$117,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Flowers by Dillenbeck's — 740 Riverside Dr, Johnson City, NY 13790
Frequently Asked Questions
What type of property is this?
Storefront property - Compact commercial building with upgraded electrical service and water, sewer, electric, and gas connections.
Where is this storefront property located?
The property is located at 290 Grand Ave Johnson City, NY.
What is the asking price?
The asking price for this property is $45,000.
What are key features of this property?
This property features: 400‑square‑foot block building on .04 acres; Updated electrical service; Water, sewer, electric, and gas in place
