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    OFF-MARKET
    Lifestyle centers

    548 State St, Herkimer, NY 13350

    16,821 SF Built 1983
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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