Two Canton Commercial Buildings For
37 Gouverneur St Canton, NY 13617
For Sale
Contact for pricing
Pending
Two commercial buildings with business opportunities in Canton, New York.
Property Size3,214 SF
Days on Market1358
Property Features for 37 Gouverneur St
General Information
- Standard status
- Pending
- Size
- 3,214 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1968
Listing Agency:
NY Real Estate
(315) 262-6458
Listed By:
Ariane Palmer · License #NY 10491211743
Source:
Crexi
Added: Nov 4, 2022
Changed: Jul 6
Last Checked: Jul 23 at 12:54PM
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 NY Real Estate
Investment Insights
Based on property information with market context.
Two commercial buildings in the Village of Canton offer high visibility and potential for business ownership. One building houses 'Bessette's Liquor and Wine', a centrally located business with 22 years of operation and a customer base near residences, businesses, non-profits, and educational institutions. The commercial business package includes a beer and convenient store with bottle redemption, offering cold beer and grocery items. The property is suitable for one or two owner-operators and features ample parking. The property size is 3214 square feet.
Key Highlights
- Two commercial buildings offer high visibility and conversion potential
- Includes 'Bessette's Liquor and Wine' store with 22 years of successful operation and established customer base
- Comes with a beer/convenience store and bottle redemption business
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.9k | $18.96 |
| − Vacancy | −$2.6k | −$0.80 |
| EGI | $58.4k | $18.16 |
| − OpEx | −$17.5k | −$5.45 |
| NOI | $40.9k | $12.71 |
3,214 SF · lease $18.96/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$712.6K
$623.5K – $831.3K
NOI $49,880 @ 7.0% cap · market cap 11.11%
Second Best
Retail
$583.8K
$510.8K – $681.1K
NOI $40,865 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$797.4K
$697.7K – $930.3K
NOI $55,816 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bessette's Liquor's & Wine
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Grocery and convenience store - Two commercial buildings with business opportunities in Canton, New York.
Where is this grocery and convenience store located?
The property is located at 37 Gouverneur St Canton, NY.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two commercial buildings offer high visibility and conversion potential; Includes 'Bessette's Liquor and Wine' store with 22 years of successful operation and established customer base; Comes with a beer/convenience store and bottle redemption business
