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    OFF-MARKET
    Commercial real estate

    Caroline St, Herkimer, NY 13350

    5,131 SF 0.6 ac lot Built 1950
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located on S Caroline St in Herkimer, NY, presents a fantastic investment opportunity. Boasting a generous 5,131 square feet of space, this general commercial building sits on a sizable 0.6-acre lot, offering ample room for expansion or outdoor activities. The property's strategic location in Herkimer provides excellent visibility and accessibility, making it ideal for a variety of businesses. The asking price is $575,000, representing a compelling value for a property of this size and potential. The building's interior layout is adaptable to suit diverse business needs, offering significant flexibility for future tenants or owners. Its substantial footprint and prominent location make it a highly attractive prospect for entrepreneurs and investors seeking a strong foothold in the Herkimer market. The 0.6-acre lot provides ample parking and potential for future development. Serious inquiries are encouraged to explore the possibilities this property offers. This is a rare opportunity to acquire a significant commercial space in a desirable Herkimer location. Don't miss out on this chance to secure a valuable asset in a thriving community. Further details and viewing arrangements can be made upon request.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1950
    Total area 5,131 SF
    Lot 0.6 ac (26,136 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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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