Charming Commercial Property on Corner
34 North Street Madrid, NY 13660
34 North Street, Madrid, NY, 13660
$279,000
For Sale
$279,000
COMMERCIAL - Other - Madrid, NY
Property Size3,900 SF
Price / SF$71.54
Days on Market292
Property Features for 34 North Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COM 1
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 2
- Parking features
- Garage - Detached, Garage, Driveway
- Patio and Porch features
- Porch
- Exterior features
- Enclosed porch, Outdoor lights
- Standard status
- Active
- APN
- 41.070-2-3.1
- Size
- 3,900 SF
Taxes and HOA fees
- Tax Annual Amount
- 6500
Utilities
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Flooring type
- Vinyl, Carpet
- Building materials
- Vinyl siding
- Roof type
- Metal
- Architectural style
- Other
Listing Agency
Kassian Real Estate, LLC
(315) 769-0025
156 E Orvis Street, Massena, NY
Listed by
Lucille Kassian · License #40KA0346866
(315) 250-2383
Added: Sep 29, 2025 Checked: Jul 17 at 1:06 pm
MLS# 51969
Listing URL
Copyright © 2026 St. Lawrence Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This meticulously maintained property, situated on a large corner lot, offers over 3,600 square feet of space suitable for various purposes. The property features a 4-car garage, a metal roof, and central air conditioning. Large windows provide ample natural light, highlighting the preserved character of the building. The property is located in a welcoming community and offers flexibility for residential or commercial use, subject to local approvals. It is equipped with public water and sewer services, as well as natural gas. The property presents opportunities for expansion or customization. Potential uses include a residential retreat, a bed and breakfast, or a commercial business.
Key Highlights
- 4‑car garage with both garage and detached garage, plus a driveway
- Over 3,600 sq ft home on a corner lot
- Metal roof and vinyl siding
Local Financial Insights For Hotel Hospitality
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 | $70.2k | $18.00 |
| − Vacancy | −$38.6k | −$9.90 |
| EGI | $31.6k | $8.10 |
| − OpEx | −$16.6k | −$4.25 |
| NOI | $15.0k | $3.85 |
3,900 SF · lease $18.00/SF/yr · vacancy 55.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$214.4K
$187.6K – $250.1K
NOI $15,005 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$967.6K
$846.6K – $1.13M
NOI $67,729 @ 7.0% cap · market cap 24.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bed & breakfasts
FAQs
What type of property is this?
Bed & breakfast - Versatile commercial property with 4-car garage in welcoming community.
Where is this bed & breakfast located?
The property is located at 34 North Street Madrid, NY.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 4‑car garage with both garage and detached garage, plus a driveway; Over 3,600 sq ft home on a corner lot; Metal roof and vinyl siding
