Two-Story Mixed-Use
For Sale
$395,000
431 Main St, Phoenix, NY 13135
Business space occupies the first floor, with a three-bedroom residence and substantial support areas above and below.
Property Size3,852 SF
Price / SF$102.54
Days on Market89
Property Features for 431 Main St
General Information
Standard status
Active
Size
3,852 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1902
Buildings
1
Stories
2
Listing Agency:
Coldwell Banker Prime Prop,Inc
Listed By:
Cheryl Dauer · License #40DA1117334
(315) 752-0320
Source:
Skinnercnyrealty
Added: Jul 21
Changed: Oct 8
Last Checked: Oct 7 at 3:37PM
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 Coldwell Banker Prime Prop,Inc
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Investment Insights
Based on property information with market context.
This two-story mixed-use property combines an established business setting with a residential component. The first floor includes wood pillars, a prominent stairway, large rooms, an office, two bonus rooms, leaded-glass windows, and high ceilings. The second floor provides three bedrooms, including a primary suite, along with a living and dining area, eat-in kitchen, walk-in pantry, updated cabinetry and counters, newer appliances, and a separate office. A full basement adds storage, a fruit cellar, and a workshop, while the attic retains original doors, molding, and cabinet doors removed during remodeling.
Built in 1902, the property is located at 431 Main St in Phoenix, NY 13135. The community is situated along the Oswego River near Lock #1, with access to Route 481. Heating includes a hot-water furnace and gas forced air.
Built in 1902, the property is located at 431 Main St in Phoenix, NY 13135. The community is situated along the Oswego River near Lock #1, with access to Route 481. Heating includes a hot-water furnace and gas forced air.
Key Highlights
- Two‑story mixed‑use building with business space and a residential component
- Second‑floor residence includes 3 bedrooms and almost 2,000 square feet
- First‑floor layout includes large rooms, an office, 2 bonus rooms, and leaded‑glass windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,321
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,420
$686.4K
Cap Rate 7%
$490,300
$490.3K
Cap Rate 9%
$381,344
$381.3K
Market Conditions
NOI Build-Up for 3,852 SF
Gross rent
$62.4K $16.20/SF
− Vacancy
−$7.5K −$1.94/SF
EGI
$54.9K $14.26/SF
− OpEx
−$20.6K −$5.35/SF
NOI
$34.3K $8.91/SF
Area
Oswego County, NY
Vacancy
12.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,420
Cap Rate 7%
$490,300
Cap Rate 9%
$381,344
Alternative Uses
Best Use
Mixed Use
$490.3K
$429.0K – $572.0K
NOI $34,321 @ 7.0% cap · market cap 8.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$768.3K
$672.3K – $896.4K
NOI $53,783 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Explore this area
Business Placement
Demographics for 13135, NY
6,303
Population
2,592
Households
2.4
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
32.0 sq mi
ZIP Area
197
Density / Sq Mi
$82,977
Median Household Income
$40,953
Median Earnings
$965
Median Rent
$166,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Business space occupies the first floor, with a three-bedroom residence and substantial support areas above and below.
Where is this mixed-use property located?
The property is located at 431 Main St Phoenix, NY.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two‑story mixed‑use building with business space and a residential component; Second‑floor residence includes 3 bedrooms and almost 2,000 square feet; First‑floor layout includes large rooms, an office, 2 bonus rooms, and leaded‑glass windows
