270 Main StWorcester, NY 12197

Property Details for 270 Main St

Lot size

1.07 AC

Zone code

RHD

Property type

Retail space

APN

366600 199.19-1-46.00

APU

3666001991914600

Description

This exceptional 8,000-square-foot retail building, constructed in 2017, presents a unique investment opportunity in Worcester, New York. Located at 270 Main St, 12197, this property boasts a wide-open floor plan, previously occupied by a Family Dollar store. The asking price of $450,000 is significantly below replacement cost, making it an attractive proposition for discerning investors. The building's zoning allows for a diverse range of uses, including but not limited to retail, business offices, banking facilities, mixed-use occupancy, houses of worship, farm machinery sales, retail with outdoor storage, and appliance repair. Its convenient location offers easy access to I-88, situated midway between Cobleskill and Oneonta, ensuring high visibility and accessibility for potential businesses. This versatile space is ideal for entrepreneurs seeking a well-maintained, spacious building in a thriving community. The property's adaptability and prime location make it a compelling investment opportunity with significant potential for future growth and profitability. The building's modern construction and ample square footage provide a blank canvas for a variety of commercial ventures. Don't miss this chance to acquire a high-value property at a remarkably competitive price.

• CAP approach

  CAP return

  Valuation

  6%

  $17,020,246

  6.5%

  $15,710,995

  7%

  $14,588,782

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,449,784

  Geo Method

  $15,346,628

• Alternative Use

  Use

  Valuation

  Residential

  $13,252,813

  Hospitality

  $12,139,505

  Educational

  $10,099,926

  Medical

  $10,447,278

  Retail

  $15,710,995

Location Insight

City

Worcester

County

Otsego

State

New York

Latitude

42.5945

Longitude

-74.7394

CBSA code

36580

CBSA name

ONEONTA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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