Property profile

6300 Ny-37 St Massena, NY 13662

OFF-MARKET
Retail properties & Spaces
56,717 SF
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Property summary

AI-generated overview

This exceptional investment opportunity presents a vacant, 56,717-square-foot free-standing storefront building, formerly occupied by a Hannaford Grocery Store, located at 6300 NY-37 street, Massena, NY 13662. Priced at $1,700,000 ($29.97 per square foot), this property offers significant potential for redevelopment or lease to a new anchor tenant. The building is situated in a high-traffic area, adjacent to established businesses such as Ollie's Bargain Outlet, BJ's Wholesale Club, and McDonald's, and in close proximity to the Massena International Airport. The location boasts a strong demographic profile, with average household incomes exceeding $70,000 within a 10-mile radius. Ample parking is available, making it ideal for a flagship store, showroom, or other large-format retail operation. The property is currently vacant, presenting a blank canvas for a new business to establish a significant presence in this thriving market. This is a net lease property with no existing tenant and zero years remaining on the lease. The building's size and location offer a compelling value proposition well below replacement costs. The property is a single-building structure and represents a unique opportunity to capitalize on the strong retail environment in Massena, New York. Serious inquiries only.

Property profile

Verified
Property type Retail properties & Spaces
Total area 56,717 SF

Cap rate & NOI

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

Location

6300 Ny-37 St Massena, NY 13662
Massena metro
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Value estimations

Realmo proprietary · 4 methods
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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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