Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Massena Commercial Building Title is generated by Realmo AI

    88 90 90 1/2 92 Main Street, Massena, NY 13662

    View on Map
    Claim this Listing
    Pending
    $80,000

    RESIDENTIAL - Massena, NY

    Property size:
    12,000 SF
    Added:
    Jan 7, 2025
    Days on Market:
    500
    Last Refresh:
    May 22 at 6:06 pm

    Property Features for 88 90 90 1/2 92 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial Auto Related
    Interior features
    Ceiling Fan(s), Double Door Entry, Open Floor Plan
    Standard status
    Pending
    APN
    9.067-9-5
    Size
    12,000 SF

    Utilities

    Heating system
    Electric (Heating), Natural Gas

    Building Details

    Year built
    1949
    Floors in Building
    2
    Building materials
    Block, Brick, Concrete, Metal Siding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael E. Kassian

    Listing agent Michael E. Kassian License #10491212430

    Listing office Kassian Real Estate, LLC 156 East Orvis Street, Massena, NY

    Listing date Jan 7, 2025

    MLS# 50788 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.

    HighLights

    • Excellent rental income potential
    • Potential to build luxury apartments above existing structure
    • Located in Downtown Massena
    • Over 12,000 square feet of space
    • Fully equipped kitchen, 2 bathrooms, oversized meeting rooms and dining areas on upper level
    • Minutes from the Canadian border

    Overview

    Located in Downtown Massena, this commercial building offers excellent rental income and the potential to build luxury apartments above. The property features a fully equipped kitchen on the upper level, along with two bathrooms, oversized meeting rooms, and dining areas. The building encompasses over 12,000 square feet. The upper level currently houses the Masonic Lodge, a part of Massena history since the 1940s. The property is located minutes from the Canadian border, presenting an investment opportunity in Massena.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    Massena
    County
    St. Lawrence
    State
    New York
    Longitude
    -74.8927102
    Latitude
    44.9299427

    Nearby Similar for Sale

    • $427,000

      Massena Retail and Warehouse Space

      Commercial property with retail, warehousing, and parking in Massena.
      487 S Main St., Massena, NY 13662
      View Details
    • $159,000

      Massena Office Building For Sale

      Well-maintained office building in downtown Massena, suitable for various uses.
      1 Garvin Ave, Massena, NY 13662
      View Details
    • $130,000
      2,590 SF

      Updated Victorian Two-Unit Property

      Two-story Victorian home with updated units in Massena, NY.
      134 Center Street, Massena, NY 13662-1927
      View Details
    • $399,000

      Massena Medical Building Opportunity

      Multi-family/commercial building in downtown Massena, near Canadian border.
      72 Main Street, Massena, NY 13662
      View Details
    • $399,000

      Massena Restaurant and Lounge

      Profitable restaurant and lounge with waterfront deck and entertainment.
      4 Main, Massena, NY 13662
      View Details
    • $299,000
      6,000 SF

      Massena Multifamily Investment Opportunity

      Six-unit residential property with additional lot in Massena, NY.
      85 - 95 Beach Street, Massena, NY 13662
      View Details
    • $400,000

      Commercial Building in Massena, NY

      6000 sq ft commercial building in the heart of Massena.
      35 Glenn Street, Massena, NY 13662
      View Details
    • $799,000

      Profitable Storage Unit Business For Sale

      Established storage unit business with expansion potential in Massena, NY.
      6 Wells St, Massena, NY 13662
      View Details
    • $259,000
      5,200 SF

      Massena Mixed-Use Commercial Building

      Exceptional commercial building in the heart of Massena, NY.
      32 Andrews Street, Massena, NY 13662
      View Details
    • $129,000
      3,036 SF

      Spacious Three-Unit Investment Opportunity

      Three-unit apartment building with owner-occupant potential in Massena, NY.
      354 Main Street, Massena, NY 13662
      View Details
    • $219,000

      Massena Multifamily Property with Potential

      Four units with additional rentable potential on a 1.2-acre lot.
      67 County Route 40, Massena, NY 13662
      View Details
    • $999,900

      Massena Multifamily and Storage Investment

      Multifamily and storage units in Massena, NY for sale.
      15,27 Cook, Massena, NY 13662-0000
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Commercial building with rental income and apartment potential in Massena.
    Where is this mixed-use property located?
    The property is located at 88 90 90 1/2 92 Main Street Massena, NY.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: Excellent rental income potential; Potential to build luxury apartments above existing structure; Located in Downtown Massena
    (315) 769-0025
    We can help!
    Listing Contact
    Michael E. Kassian
    Real Estate License ID: 10491212430
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    88,90,90 1/2,92 Main Street, Massena, NY 13662
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!