This exceptional 10,000-square-foot industrial property, situated on a sprawling 10.4-acre lot in Palatine Bridge, New York, presents a compelling investment opportunity. The property features two buildings, including a main 10,000 square foot manufacturing facility boasting office and production space, and a substantial cold storage area. An additional 40 x 60 foot steel building provides ample supplementary space. Built in 1972, this single-story structure is currently vacant, offering immediate occupancy. The property's strategic location on NY-5, with convenient access to the NYS Thruway, ensures seamless connectivity to major Northeast markets. Its proximity to Exit 29 Redevelopment project in Canajoharie (just 4 miles away) further enhances its appeal. The property is also within a short driving distance of Albany, Utica, Sharon Springs, and Cooperstown. The expansive lot size and versatile zoning allow for a wide range of adaptive reuse and development possibilities, including agribusiness, manufacturing, entertainment, brewery/distillery, self-storage, shopping center, automotive, research and development, mixed-use housing, and more. The property benefits from readily available county and local governmental support and resources. Essential utilities, including electricity and water, are already on-site. The asking price is $495,000, translating to $49.50 per square foot. This presents a rare chance to acquire a substantial industrial property with significant potential in a desirable location. The property's APN is 46.14-4-8.
Where is this refrigerated / cold storage located?
The property is located at 68 Main St Palatine Bridge, NY.
What is the asking price?
The asking price for this property is $495,000.
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68 Main St Palatine Bridge, NY 13428
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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.
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68 Main St Palatine Bridge, NY 13428
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68 Main St, Palatine Bridge, NY
Joseph Legnard
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Joseph Legnard
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68 Main St, Palatine Bridge, NY
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