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Property profile

618 Sherrill Rd Sherrill, NY 13461

OFF-MARKET
Commercial real estate
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1,600 SF 0.1 ac lot Built 1925

Property summary

AI-generated overview

This exceptional 1,600 square foot commercial building, known as the "Skinner Block," presents a unique investment opportunity in the heart of Sherrill, NY. Situated on a 0.1-acre lot, this property boasts significant historical charm and is currently generating income from three or four rental units, all of which are currently occupied. The building features beautiful architectural details, including large display windows ideal for showcasing merchandise, and a spacious loft area providing ample storage. A full basement offers additional storage capacity. Recent upgrades include a brand-new roof and replacement of all windows, ensuring long-term value and reduced maintenance costs. Two half-bathrooms are conveniently located within the building. The current rental income stream offers significant potential for covering expenses, making this a financially attractive proposition for a savvy investor seeking a turn-key operation or a business owner looking for a well-maintained space with immediate revenue generation. The property's prime location and historical significance combine to create a truly exceptional investment opportunity. This is a rare chance to own a piece of Sherrill's rich history while enjoying a steady income stream. The building's condition and recent improvements ensure a worry-free transition for the new owner.

Property profile

Verified
Property type Commercial real estate
Year built 1925
Total area 1,600 SF
Lot 0.1 ac (4,356 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

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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