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    105 Washington St Herkimer, NY 13350

    Sponsored
    For Sale
    $600,000

    Prime 0.81-acre commercial pad site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.81-acre commercial land parcel presents a unique investment opportunity in the heart of Herkimer, New York. Located at 105-107 S. Washington Street, this property boasts a highly desirable location on a busy retail corridor, offering excellent visibility and accessibility. The site benefits from its proximity to the New York State Thruway, ensuring convenient access for customers and employees. This strategic location is further enhanced by its shared tenancy with established businesses including T-Mobile, WellNow Urgent Care, and Pristine Auto Wash, creating a synergistic environment and attracting significant foot traffic. The property is zoned for commercial use, providing flexibility for a variety of development options. With a daily traffic count of approximately 25,627 vehicles on NY Route 5, this site offers unparalleled exposure to a large potential customer base. The asking price for this prime commercial land is $600,000. This represents a compelling investment opportunity for developers and businesses seeking a high-traffic location in a thriving community. The property's size and location make it ideal for a variety of commercial ventures, offering significant potential for return on investment. Don't miss this chance to secure a prominent position in a bustling commercial area. The address is 105-107 S. Washington Street, Herkimer, NY 13350.

    Property Features for 105 Washington St

    General Information

    Property type
    Land
    Lot Size
    35,284 SF

    HighLights

    • 0.81‑acre commercial land parcel in Herkimer, NY, priced at $600,000.
    • Highly visible location on a busy retail corridor (105‑107 S. Washington Street) with excellent accessibility.
    • Strategic location near NY State Thruway and established businesses (T‑Mobile, WellNow, Pristine Auto Wash), driving high foot traffic.
    • Zoned for commercial use, offering diverse development options.
    • High daily traffic count (approx. 25,627 vehicles) on NY Route 5 ensures significant customer exposure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Herkimer
    County
    Herkimer
    State
    New York
    Longitude
    -74.9840243
    Latitude
    43.0259666

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    FAQs

    What type of property is this?
    Land - Prime 0.81-acre commercial pad site.
    Where is this land located?
    The property is located at 105 Washington 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: 0.81-acre commercial land parcel in Herkimer, NY, priced at $600,000.; Highly visible location on a busy retail corridor (105-107 S. Washington Street) with excellent accessibility.; Strategic location near NY State Thruway and established businesses (T-Mobile, WellNow, Pristine Auto Wash), driving high foot traffic.
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    105 Washington 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
    105 Washington St Herkimer, NY 13350
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