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    OFF-MARKET
    Commercial real estate

    37 Broad St, Norwich, NY 13815

    19,731 SF 0.11 ac lot Built 1970
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1970
    Total area 19,731 SF
    Lot 0.11 ac (4,792 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Sharp Edge Barbershop Barber Shop
    • Stephanie's Reiki Palace Alternative Medicine Practice
    • Northern Montezuma Wildlife Management Area Wildlife Park
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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