37 Broad St Norwich, NY 13815
- Commercial real estate
- 19,731 SF
- 0.11 lot acres
Current Use by Public Records
- Sharp Edge Barbershop / Barber Shop
- Stephanie's Reiki Palace / Reiki Therapist
- Northern Montezuma Wildlife Management Area / Wildlife Park
Property Details for 37 Broad St
- Year built
- 1970
- Lot size
- 0.11 lot acres
- Property size
- 19,731 SF
- Property type
- Commercial real estate
Description
This exceptional Norwich, NY investment opportunity presents a 19,731 square foot commercial property situated on a 0.11-acre lot at 37 N Broad St. The property is being sold "as is" and features thirteen apartments in need of renovation, offering significant potential for value appreciation through modernization and updated finishes. The apartments are currently in need of renovation, presenting a chance to increase rental income through improvements. The first floor boasts versatile commercial space, ideal for a variety of retail or office uses, benefiting from high foot traffic in a bustling neighborhood. This location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence. The property's proximity to public transportation, shopping centers, and dining establishments further enhances its appeal to both potential tenants and businesses. This unique blend of residential and commercial potential makes this a compelling investment opportunity for those seeking a high-return property in a desirable location. The asking price is $429,000. This property is ready for an investor to bring their vision to life and capitalize on its considerable potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Norwich
- County
- Chenango
- State
- New York
- Longitude
- -75.5243
- Latitude
- 42.5323
