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Property profile

2745 Ny-51 Ilion, NY 13357

OFF-MARKET
Warehouses
23,875 SF 0.87 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Warehouses
Total area 23,875 SF
Lot 0.87 ac (37,897 SF)

Cap rate & NOI

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

Location

2745 Ny-51 Ilion, NY 13357
Ilion metro
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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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