142 Main St Mohawk, NY 13407
This exceptional 7,500 square foot commercial property, located at 142 E Main St in Mohawk, NY, presents a remarkable investment opportunity. Built in 2007 on a nearly one-acre lot (0.96 acres), this landmark building has served as a successful banquet hall, offering a spacious dining area capable of comfortably seating up to 200 guests. Its prime location, just 15 minutes from Utica and 35 minutes from Cooperstown, ensures easy accessibility for patrons from a wide regional area. The property boasts ample on-site parking accommodating up to 60 vehicles, eliminating parking concerns for large events. A significant advantage is the inclusion of a substantial 30x30 detached garage, providing versatile storage space or potential for expansion and additional uses. The property's adaptable design and established history make it suitable for a variety of commercial ventures, including but not limited to, continued operation as a banquet hall, wedding venue, restaurant, or even a funeral home. The asking price for this well-maintained property is $600,000. This is a rare chance to acquire a versatile and established commercial property with significant upside potential in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.