Property profile

221 Main St Germantown, NY 12526

OFF-MARKET
Commercial real estate
3,622 SF 0.2 ac lot Built 1940
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Property summary

AI-generated overview

This exceptional 3,622 square foot commercial property, located at 221 Main Street in Germantown, NY, sits on a 0.2-acre lot and offers unparalleled potential. Currently vacant, this building presents a unique opportunity for redevelopment and customization. Its prime location next to Gaskins restaurant and a block from Otto's Market ensures high visibility and foot traffic. The lower level is adaptable for various commercial uses, including a single large space or multiple smaller units, potentially even conversion to residential units. The upper level boasts a spacious apartment, easily divisible into two units, providing additional rental income or residential space. Ample parking is available on-site, a rare advantage in Germantown. This property is ideally suited for investors, entrepreneurs, or anyone seeking a versatile space for a new business, multi-family development, or a unique live/work arrangement. Its proximity to popular local businesses and its location approximately two hours from New York City and under an hour from Albany adds to its appeal. The property is being sold as-is. Don't miss this chance to own a piece of thriving downtown Germantown.

Property profile

Verified
Property type Commercial real estate
Year built 1940
Total area 3,622 SF
Lot 0.2 ac (8,712 SF)

Cap rate & NOI

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

Location

221 Main St Germantown, NY 12526
Germantown 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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