Multi-Parcel Retail and Residential
3887 STATE HIGHWAY 37 Ogdensburg, NY 13669
3887 STATE HIGHWAY 37, Ogdensburg, NY, 13669
$695,000
For Sale
$695,000
Exclusive package sale includes a restaurant, convenience store, single-family, two-family, and commercial vacant land.
Property Size11,156 SF
Price / SF$62.30
Days on Market608
Property Features for 3887 STATE HIGHWAY 37
General Information
- Standard status
- Active
- Size
- 11,156 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1980
Listing agency
RE/MAX ONE
(315) 480-5555
Listed by
Anthony Paone · License #10311205565
(315) 480-5555
Source
Xome
Added: Nov 21, 2024 Updated: Jul 21 at 5:42PM Checked: Jul 22 at 3:41AM
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 RE/MAX ONE
Investment Insights
Based on property information with market context.
This for-sale portfolio is offered as an exclusive package sale comprising five parcels, including a restaurant, a convenience store, a single-family property, a two-family property, and commercial vacant land. Public remarks also reference the sale of the restaurant business and its contents, with attachments providing taxes, property information, and maps for the included parcels. The listing notes that total square footage, acreage, and other values are provided for the four buildings and five parcels in the package.
The property address is 3887 State Highway 37, Ogdensburg, NY 13669. The seller also references this as part of a larger five-parcel package sale that includes additional MLS numbers listed in the remarks. Possible owner financing is mentioned in the public remarks; however, terms are not provided here.
The property address is 3887 State Highway 37, Ogdensburg, NY 13669. The seller also references this as part of a larger five-parcel package sale that includes additional MLS numbers listed in the remarks. Possible owner financing is mentioned in the public remarks; however, terms are not provided here.
Key Highlights
- Zoning: COM 1 for a property built in 1980
- 52 parking spaces plus a pole sign and loading dock
- Roof: tar/gravel and asphalt
Local Financial Insights For Multifamily LT 5
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 | $103.1k | $9.24 |
| − Vacancy | −$21.6k | −$1.94 |
| EGI | $81.4k | $7.30 |
| − OpEx | −$24.4k | −$2.19 |
| NOI | $57.0k | $5.11 |
11,156 SF · lease $9.24/SF/yr · vacancy 21.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$2.47M
$2.16M – $2.89M
NOI $173,137 @ 7.0% cap · market cap 24.91%
Second Best
Retail
$2.03M
$1.77M – $2.36M
NOI $141,844 @ 7.0% cap · market cap 20.41%
Theoretical Best
Office A
$2.77M
$2.42M – $3.23M
NOI $193,740 @ 7.0% cap · market cap 27.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Exclusive package sale includes a restaurant, convenience store, single-family, two-family, and commercial vacant land.
Where is this conventional restaurant located?
The property is located at 3887 STATE HIGHWAY 37 Ogdensburg, NY.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Zoning: COM 1 for a property built in 1980; 52 parking spaces plus a pole sign and loading dock; Roof: tar/gravel and asphalt
