Property profile

548 State St Herkimer, NY 13350

OFF-MARKET
Lifestyle centers
16,821 SF Built 1983
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Property summary

AI-generated overview

This 16,821 square foot retail center, built in 1983 and renovated the same year, offers multiple tenancy options. Two spaces are currently available, ranging from 2,620 to 3,880 square feet. The property boasts 64 parking spaces, ensuring ample customer convenience. Strategically located at the intersection of West State Street and Caroline Street, this center benefits from high traffic counts and excellent visibility, ideal for businesses seeking strong foot traffic. The property is zoned commercial (APN: 120.24-6-57.2) and the owner is willing to accommodate build-to-suit requests or subdivide the available spaces to meet specific tenant needs. This presents a unique opportunity for businesses seeking a prime retail location with significant potential for growth and success in a high-visibility area. The property's age is reflected in its 1983 construction and renovation dates, offering a chance for a tenant to customize the space to their exact specifications. The ample parking further enhances the property's appeal to both businesses and their customers.

Property profile

Verified
Property type Lifestyle centers
Year built 1983
Total area 16,821 SF

Cap rate & NOI

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

Location

548 State St Herkimer, NY 13350
Herkimer metro
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Value estimations

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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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