Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    40 State Highway 310 Canton, NY 13617

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    NNN leased investment property with established Kinney Drugs tenant.

    Property size:
    12,000 SF
    Lot size:
    1.00 Acre

    Property Features for 40 State Highway 310

    General Information

    Standard status
    Active
    Zoning
    Commercial
    Size
    12,000 SF
    Lot size
    1.00 Acre

    Building Details

    Year built
    1993

    We can help!

    Listing Contact
    Barton Feinberg
    Barton Feinberg
    Source: Crexi

    Listing Agency: Sutton Real Estate Company LLC Listing Agent: Barton Feinberg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Profitable Investment Opportunity in Canton

    Located at 40 State Highway 310 in Canton, NY 13617, this property presents an investment opportunity with a long-established lease with corporate Kinney Drugs, a regional pharmacy chain. The property is situated minutes from St. Lawrence University, SUNY Canton, Nobel Urgent Care, and retail centers. The location benefits from a customer base and exposure due to high daily traffic. The lease has a remaining 5-year term with 4-5 year renewal options. The surrounding demographics include a growing population, median household incomes, and a substantial employment base.
    Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Hotel & Motel Auto Parts Store Pharmacy

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

    Similar Places Nearby

    Jonathan M. Kubinski, PHARM, Price Chopper Pharmacy, Kiera E. Warner, RPh, Max Buscaglia, Peter Macarthur

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    St. Lawrence
    State
    New York
    Longitude
    -75.147446
    Latitude
    44.598424

    Nearby Similar for Sale

    • $449,000
      0.53 Acres

      Commercial Opportunity in Canton, NY

      Two commercial buildings with established businesses in Canton, NY.
      37 Gouverneur St, Canton, NY 13617
      View Details
    • $340,000
      0.40 Acres

      Turnkey Automotive Repair Facility

      Fully operational automotive repair facility with additional rental income potential.
      18 Riverside Dr, Canton, NY 13617
      View Details
    • $415,000
      6,144 SF

      Historic Mixed-Use Building in Canton

      Two-story commercial building with office, apartment, and retail spaces.
      70 Main St, Canton, NY 13617
      View Details
    • $320,000
      6,432 SF

      Historic Victorian Apartment Building in Canton

      Magnificent historic apartment building in Canton, NY with income potential.
      18 W Main St, Canton, NY 13617
      View Details
    • $550,000

      Renovated Commercial Building with Lease

      Two-story renovated commercial building with long-term medical tenant.
      23/25 Park St, Canton, NY 13617
      View Details
    • $350,000
      4,312 SF

      Historic Victorian Mixed-Use Property

      Victorian property with business, residential, or mixed-use potential.
      5862 Ush 11, Canton, NY 13617
      View Details
    • $325,000
      Pending

      Canton Multifamily with Oversized Garage

      Spacious multifamily property with a large detached four-car garage.
      40 E Main St, Canton, NY 13617
      View Details
    • $299,000
      1.00 Acre

      Mixed-Use Property in Canton, NY

      Mixed-use property near colleges and businesses with residential and commercial spaces.
      5969 Us Highway 11, Canton, NY 13617
      View Details
    • $145,000
      Pending

      Charming Duplex in Morley Hamlet

      Two-unit duplex with historic charm on a one-acre lot.
      7190 Cr 27, Canton, NY 13617
      View Details
    • $549,000
      3,214 SF

      Canton Commercial Property - Prime Location

      Established Businesses, High Visibility, Ample Parking
      37 Gouve, Canton, NY 13617
      View Details
    • $489,000
      8.50 Acres

      Canton Mobile Home Park Investment

      8.5 Acres, 30 Spaces, High Occupancy
      6258 Us Highway 11, Canton, NY 13617
      View Details
    • $305,000
      1,630 SF

      Canton Highway 11 Business Opportunity

      Prime Canton Location: Home & Business Potential
      5969 Us Highway 11, Canton, NY 13617
      View Details

    FAQs

    What type of property is this?
    Drug store - NNN leased investment property with established Kinney Drugs tenant.
    Where is this drug store located?
    The property is located at 40 State Highway 310 Canton, NY.
    What are key features of this property?
    This property features: - Long-established lease with corporate Kinney Drugs provides stable income.; - Prime location with high daily traffic and excellent exposure on State Highway 310.; - Proximity to St. Lawrence University, SUNY Canton, and Nobel Urgent Care ensures a strong customer base.
    (315) 424-1111
    Request Owner's contact information
    40 State Highway 310 Canton, NY 13617
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    40 State Highway 310
    Canton, NY 13617
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    40 State Highway 310 Canton, NY 13617
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Barton Feinberg
    Barton Feinberg
    Real Estate License ID: 30FE1034180
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!