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Property profile & analytics
OFF-MARKET
Office Spaces

16-20 Broad St Schuylerville, NY 12871

0.87 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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