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    327 Cornelia St Plattsburgh, NY 12901

    Sponsored
    For Sale
    $1,559,000

    High-Yield Storefront & Industrial Space

    Property size:
    20,270 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Plattsburgh investment property, located at 327 Cornelia St, offers a compelling opportunity. The 20,270 square foot building boasts a prime location on a busy corner with a traffic light in the city's business district, directly off I-87 Exit 37. Built in 1985 and renovated in 2014, the property features a mix of retail and industrial space. A long-term lease is in place, currently at 67% occupancy, with a remaining term of 7 years. The industrial space, totaling approximately 4,700 square feet, includes two dock doors, while the attached retail space comprises approximately 1,300 square feet. Three modern office spaces were added during the 2014 renovation. An additional 6,000 square feet of retail/warehouse space is available for lease. The property sits on a one-acre lot and is zoned B-2. Its proximity to SUNY Plattsburgh, Clinton Community College, Plattsburgh International Airport, and the Air Force base enhances its investment appeal. The asking price is $1,559,000, representing an attractive 8% cap rate. This is a rare chance to acquire a multi-tenant retail and industrial property in a thriving New York location. The property's features, location, and strong leasehold make it an ideal addition to any investment portfolio. The property's APN is 207.17-2-10.

    Property Features for 327 Cornelia St

    General Information

    Property type
    Individual retail properties
    Square Feet
    20,270 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built/Renovated
    1985/2014
    Stories
    1

    HighLights

    • Exceptional Plattsburgh investment opportunity: 20,270 SF building on a busy corner lot in the business district, directly off I‑87 Exit 37.
    • Prime location with high visibility, featuring a mix of retail and industrial space.
    • Currently 67% occupied with a 7‑year lease remaining.
    • Includes 4,700 SF industrial space with two dock doors and 1,300 SF of retail space.
    • Features three modern office spaces and 6,000 SF of available retail/warehouse space.
    • One‑acre lot, B‑2 zoning, and strong tenant base.
    Property Profile Location Intelligence

    Current Use by Public Records

    North Star Industries Physical Therapist Aaron's Rent To Own Furniture Store Stored Technology IT ... Computer Support And Services

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Plattsburgh
    County
    Clinton
    State
    New York
    Longitude
    -73.4795538
    Latitude
    44.6969494

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Storefront & Industrial Space
    Where is this individual retail property located?
    The property is located at 327 Cornelia St Plattsburgh, NY.
    What is the asking price?
    The asking price for this property is $1,559,000.
    What are key features of this property?
    This property features: Exceptional Plattsburgh investment opportunity: 20,270 SF building on a busy corner lot in the business district, directly off I-87 Exit 37.; Prime location with high visibility, featuring a mix of retail and industrial space.; Currently 67% occupied with a 7-year lease remaining.
    Request Owner's contact information
    327 Cornelia St Plattsburgh, NY 12901
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    Plattsburgh, NY 12901
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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
    327 Cornelia St Plattsburgh, NY 12901
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