548 State St, Herkimer, NY 13350
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.
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.