Property profile

3392 Ny-8 South New Berlin, NY 13843

OFF-MARKET
Retail properties & Spaces
25,000 SF 18.23 ac lot Built 1934
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Property summary

AI-generated overview

This exceptional mixed-use property, a beautifully preserved 1934 building, offers over 25,000 square feet of versatile commercial space across 15 suites. Originally a school, the building boasts a striking, highly visible facade and ample parking with 40 spaces available. The property sits on 18.23 acres of land and is zoned MU, allowing for a wide range of uses. The interior offers a unique blend of adaptable spaces, some ready for immediate occupancy, while others can be customized to meet specific business needs. Lease terms are flexible, catering to various business models and timelines. The property is ideally situated for easy access from several nearby towns including Norwich, Morris, New Berlin, Oneonta, and Utica, making it an excellent location for businesses seeking high visibility and convenient access. Potential uses are diverse and include, but are not limited to: offices, retail shops, professional services, non-profits, fitness centers, and more. Long-term tenants benefit from all utilities, Wi-Fi, and CAM charges included in rent, minimizing operating costs. This is a unique opportunity to establish a business in a thriving community, fostering collaboration among entrepreneurs. The two-story building presents a rare chance to secure a substantial and adaptable commercial space.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1934
Total area 25,000 SF
Lot 18.23 ac (794,099 SF)

Cap rate & NOI

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

Location

3392 Ny-8 South New Berlin, NY 13843
South New Berlin 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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