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    324 Prospect St Herkimer, NY 13350

    Sponsored
    For Sale
    $600,000

    Prime Herkimer retail space, 6,115 sq ft, excellent condition.

    Property size:
    6,115 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 324 N Prospect Street in Herkimer, New York, presents a unique investment opportunity. Priced at $600,000, this 6,115 square foot retail space sits on a generous 16,692 square foot lot. Previously a bank, the building is in excellent condition and boasts a convenient drive-through. Ample parking is available for customers and employees. The open layout offers considerable flexibility for a wide range of business uses. The property features approximately 3,000 square feet on each of its two levels, totaling over 6,000 square feet of usable space. A full basement provides additional space, including mechanical rooms, employee bathrooms, a meeting room, a break room, and ample storage. This property is situated in the vibrant business district of the Village of Herkimer, offering excellent visibility and accessibility. The property is also available for lease. This is an ideal opportunity for an owner-occupier or an investor seeking a strong return in a thriving New York community. The property's zip code is 13350.

    Property Features for 324 Prospect St

    General Information

    Property type
    Land
    Square Feet
    6,115 SF

    HighLights

    • 6,115 SF retail space on a 16,692 SF lot in Herkimer, NY.
    • $600,000 asking price.
    • Excellent condition, former bank with drive‑thru.
    • Ample parking.
    • Flexible open layout, approximately 3,000 SF per floor, plus full basement.
    • Located in Herkimer's vibrant business district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Herkimer
    County
    Herkimer
    State
    New York
    Longitude
    -74.9901438
    Latitude
    43.0279443

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    FAQs

    What type of property is this?
    Land - Prime Herkimer retail space, 6,115 sq ft, excellent condition.
    Where is this land located?
    The property is located at 324 Prospect St Herkimer, NY.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 6,115 SF retail space on a 16,692 SF lot in Herkimer, NY.; $600,000 asking price.; Excellent condition, former bank with drive-thru.
    Request Owner's contact information
    324 Prospect St Herkimer, NY 13350
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    Herkimer, NY 13350
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    Realmo Value Estimation

    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.

    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.

    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
    324 Prospect St Herkimer, NY 13350
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