Property profile

219 Commercial St Theresa, NY 13691

OFF-MARKET
Commercial real estate
4,556 SF 0.26 ac lot Built 1870
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Property summary

AI-generated overview

This remarkable 4,556 square foot former church, constructed in 1870, presents a unique investment opportunity in Theresa, NY's business district. The property boasts exceptional historical character, meticulously maintained throughout. Features include a striking brick facade, a concrete-covered entryway, and stunning original wood cathedral ceilings. Large stained-glass windows bathe the interior in natural light, adding to the building's inherent charm. The main sanctuary offers a vast open space with vaulted ceilings and seating capacity for approximately 120 people. Additional rooms are available, including a former nursery, office space, and a classroom. A half-bath is conveniently located on the main floor. Pull-down stairs provide access to valuable storage space in the upper level. The property includes a substantial stone parking area, easily accommodating 20 or more vehicles. Recent upgrades include a metal roof (installed within the last 8 years) and two new furnaces (installed within the last 3 years). Baseboard heating has been installed in the nursery area. This property is situated on a 0.26-acre lot and is priced below its assessed value, making it an attractive proposition for a wide range of commercial ventures. The building's size, location, and historical significance offer endless possibilities for adaptive reuse.

Property profile

Verified
Property type Commercial real estate
Year built 1870
Total area 4,556 SF
Lot 0.26 ac (11,326 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church

Location

219 Commercial St Theresa, NY 13691
Theresa metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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