2745 Ny-51 Ilion, NY 13357
This exceptional industrial property, located at 2745 NY-51 in Ilion, New York, presents a unique investment opportunity. The 23,875 square foot warehouse boasts 5,360 square feet of dedicated cooler storage, ideal for temperature-sensitive goods. Previously utilized as a specialty cheese manufacturing facility, the building offers a rich history and established infrastructure. The property features one dock-level loading door, providing convenient access for loading and unloading. Ceiling heights within the warehouse area measure approximately 16 feet, while the remaining building areas offer varying ceiling heights ranging from 8 to 13 feet. Situated on a 0.87-acre lot, the property is conveniently located in Herkimer County, New York, with the address 2745 NY-51, Ilion, NY 13357. The asking price is $575,000, translating to $24.08 per square foot. This presents a compelling opportunity for businesses seeking a well-equipped warehouse with cooler space in a desirable location. The property's history as a food processing facility may lend itself to similar uses, or it could be adapted for a variety of other industrial or storage applications. The combination of size, features, and location makes this an attractive investment prospect.
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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.