Current Use by Public Records
- Industrial properties
Property Details for 2974 Ny-5
- Year built
- 1960
- Lot size
- 5.50 lot acres
- Property type
- Industrial properties
- Property subtype
- Flex space
Description
This exceptional value-add investment opportunity presents a 6,318 square foot flex space building situated on a generous 5.5-acre lot in Frankfort, New York. Built in 1960 and zoned for Highway Commercial use, the property features four drive-in overhead doors, ideal for efficient loading and unloading. The building is complemented by an additional storage building, enhancing its versatility. The property's substantial size and zoning provide significant potential for various uses. Currently operating as a turnkey metal recycling business (equipment sold separately), this established enterprise includes all necessary New York State licenses for salvage and recycling operations. The business boasts a loyal clientele base, including municipalities, manufacturers, large contractors, farms, and the general public, servicing a wide geographic area encompassing New York, Vermont, Western Massachusetts, and Northern Pennsylvania. This presents a rare chance to acquire a well-established business with existing infrastructure and a proven track record, offering immediate income potential and substantial upside for future development. The asking price is $599,000, with a price per square foot of $94.81. This is a unique opportunity to acquire a profitable business and valuable real estate in a prime location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Frankfort
- County
- Herkimer
- State
- New York
- Longitude
- -75.1099
- Latitude
- 43.076
