Flex Retail Warehouse
327 Cornelia St Plattsburgh, NY 12901
For Sale
Contact for pricing
Corner property includes dock-door access, modern office build-out, and retail/warehouse space with an existing long-term tenant.
Property Size20,270 SF
Price / SF$76.91
Days on Market945
Property Features for 327 Cornelia St
General Information
- Standard status
- Active
- Size
- 20,270 SF
- Property subtype
- RETAIL
Properties For Sale
at 327 Cornelia St Contact us
Listing Agency:
Cushman & Wakefield | Pyramid Brokerage - Albany
(518) 810-6622
Listed By:
April Mcfee · License #NY 10401332278
(518) 810-6622
Source:
Moodyscre
Added: Dec 22, 2023
Changed: Jul 22
Last Checked: Jul 22 at 11:14PM
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 Cushman & Wakefield | Pyramid Brokerage - Albany
Investment Insights
Based on property information with market context.
This corner commercial property combines industrial access with office improvements and retail/warehouse use. The building includes two dock doors providing access to a 4,700± SF industrial space, and 3 new modern office spaces were added in 2014. Aarons is in place on a long-term lease.
The property sits in the Plattsburgh Business District on a busy corner with a traffic light, supporting convenient arrival and visibility. In addition to the leased industrial area, the listing notes availability for lease of 6,000± SF retail/warehouse space.
The current configuration supports a mixed use footprint with docked industrial operations paired with office-ready space, while maintaining the option to lease additional retail/warehouse area.
The property sits in the Plattsburgh Business District on a busy corner with a traffic light, supporting convenient arrival and visibility. In addition to the leased industrial area, the listing notes availability for lease of 6,000± SF retail/warehouse space.
The current configuration supports a mixed use footprint with docked industrial operations paired with office-ready space, while maintaining the option to lease additional retail/warehouse area.
Key Highlights
- Busy corner in the Plattsburgh Business District with a traffic light intersection
- Long‑term lease in place with Aarons
- Two dock doors provide access to 4,700± SF industrial space
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $192.2k | $9.48 |
| − Vacancy | −$13.5k | −$0.66 |
| EGI | $178.7k | $8.82 |
| − OpEx | −$53.6k | −$2.64 |
| NOI | $125.1k | $6.17 |
20,270 SF · lease $9.48/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$3.78M
$3.31M – $4.41M
NOI $264,669 @ 7.0% cap · market cap 16.98%
Second Best
Retail
$3.55M
$3.11M – $4.15M
NOI $248,762 @ 7.0% cap · market cap 15.96%
Theoretical Best
Office A
$5.59M
$4.89M – $6.52M
NOI $391,130 @ 7.0% cap · market cap 25.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
North Star Industries
Physician
Aaron's Rent To Own
Furniture & Home Goods
Stored Technology IT ...
Tech Support Center
Similar Off Market Nearby
- Longitude Catering — 345 Cornelia St, Plattsburgh, NY 12901
FAQs
What type of property is this?
Flex space - Corner property includes dock-door access, modern office build-out, and retail/warehouse space with an existing long-term tenant.
Where is this flex space located?
The property is located at 327 Cornelia St Plattsburgh, NY.
What is the asking price?
The asking price for this property is $1,559,000.
What are key features of this property?
This property features: Busy corner in the Plattsburgh Business District with a traffic light intersection; Long‑term lease in place with Aarons; Two dock doors provide access to 4,700± SF industrial space
