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    Canton Commercial Opportunity Title is generated by Realmo AI

    37 Gouverneur Street, Canton, NY 13617

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    Claim this Listing
    Pending
    $449,000

    COMMERCIAL - Canton, NY

    Property size:
    3,214 SF
    Lot size:
    0.53 Acres
    Added:
    Nov 2, 2022
    Days on Market:
    1305
    Last Refresh:
    May 29 at 11:06 am

    Property Features for 37 Gouverneur Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Exterior features
    Handicapped Entrance
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Pending
    APN
    88.042-7-17.1
    Size
    3,214 SF
    Lot size
    0.53 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7240

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    Building Details

    Year built
    1968
    Building materials
    Vinyl siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Ariane Palmer
    Ariane Palmer

    Listing agent Ariane Palmer License #10491211743

    Listing office Palmer Realty 29 Main Street, Canton, NY

    Listing date Nov 2, 2022

    MLS# 47689

    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.

    HighLights

    • Two commercial buildings with high visibility and conversion potential.
    • Includes 'Bessette's Liquor and Wine', a 25‑year established business with a long‑standing customer base.
    • Features a beer and convenience store with bottle redemption business.
    • Turn‑key operation perfect for one or two operators.
    • Ample parking and centrally located near residences, businesses, and educational institutions.
    • Handicapped accessible with ramp and entrance.

    Overview

    Located in the Village of Canton, this commercial property offers two buildings with high visibility. The property includes 'Bessette's Liquor and Wine', a centrally located business with 25 years of successful operation and a long-standing customer base. The business is near a mix of residences, businesses, non-profits, and educational institutions, all within walking distance. In addition to 'Bessette's Liquor and Wine' store, this commercial business package comes with a beer and convenience store and bottle redemption. The turn-key business offers cold beer and grocery items. The property, situated on a 0.53-acre lot, features 3,214 square feet of space and ample parking. This is a one-stop shop location. The property can be converted to make your next dream of business ownership a reality, or own three longstanding businesses of the North Country!
    Property Profile Location Intelligence

    Current Use by Public Records

    Bessette's Liquor's & Wine (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    St. Lawrence
    State
    New York
    Longitude
    -75.175449
    Latitude
    44.591367

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      Two Canton Commercial Buildings For Sale

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    FAQs

    What type of property is this?
    Grocery and convenience store - Two commercial buildings with business opportunities in Canton, NY.
    Where is this grocery and convenience store located?
    The property is located at 37 Gouverneur Street Canton, NY.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Two commercial buildings with **high visibility and conversion potential**.; Includes **'Bessette's Liquor and Wine'**, a 25‑year established business with a long‑standing customer base.; Features a beer and convenience store with bottle redemption business.
    (315) 262-6458
    We can help!
    Listing Contact
    Ariane Palmer
    Ariane Palmer
    Real Estate License ID: 10491211743
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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