16-20 Broad St Schuylerville, NY 12871
- Office Properties & Spaces
- 0.87 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 16-20 Broad St
- Lot size
- 0.87 lot acres
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a highly successful grocery store and three income-generating apartments located at 16-20 Broad St, Schuylerville, NY 12871. The property, boasting a 9,000 square foot sales floor, is the only full-service supermarket in the village, having served the community for nearly a century. The store offers a comprehensive range of products, including health and beauty items, beer, produce, a deli, bakery, meat department, and lottery tickets. A substantial 9,000 square foot warehouse is located in the basement, complete with a service elevator and loading dock, providing ample storage space. Additional storage and office space is available on the second level above the grocery store. The property includes a 17-car parking lot, supplemented by convenient street parking. The current owner, with 46 years of experience (29 as owner), has built a thriving business, recognized nationally in 2023 as one of 25 Outstanding Independent Grocers by Progressive Grocer. Three apartments on the property generate a combined annual income of $31,800, adding to the overall investment potential. The asking price for this established and successful business is $1,500,000, situated on a 0.87-acre lot. This is a rare chance to acquire a well-established, profitable business with significant growth potential in a strong community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Schuylerville
- County
- 36091
- State
- New York
- Longitude
- -73.582
- Latitude
- 43.0978
