72 Main StGreenwich, NY 12834

Property Details for 72 Main St

Year built

1950

Lot size

0.25 AC

Property size (Sq ft)

4,580 SF

Zone code

COM01

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

533401 237.5-8-22.1

APU

53340123758221

Description

This exceptional mixed-use property, located at 72 Main Street, Unit 72 in the vibrant town of Greenwich, New York, presents a compelling investment opportunity. Situated on a sizable 0.25-acre lot, this property offers significant potential for a variety of uses. The building's precise square footage is currently unavailable, however, the substantial lot size allows for considerable flexibility in development or expansion plans. The asking price is $500,000, representing a strong value proposition in the competitive Greenwich market. The property's Main Street address ensures high visibility and accessibility, making it ideal for a business seeking a prominent location. Given its mixed-use designation, the possibilities are numerous, ranging from retail or office space to a combination of commercial and residential uses, subject to local zoning regulations. Further investigation into the property's zoning and potential uses is strongly encouraged. This is a rare opportunity to acquire a well-situated property in a desirable location with significant upside potential. Interested parties should act quickly to secure this promising investment. The property is offered as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $1,137,743

  6.5%

  $1,050,224

  7%

  $975,208

• Comparable approach

  Method

  Valuation

  Relative Method

  $602,445

  Geo Method

  $598,423

• Alternative Use

  Use

  Valuation

  Residential

  $1,302,278

  Hospitality

  $1,192,880

  Educational

  $992,462

  Medical

  $1,026,594

  Retail

  $1,543,830

Location Insight

City

Greenwich

County

Washington

State

New York

Latitude

43.0893

Longitude

-73.4988

CBSA code

24020

CBSA name

GLENS FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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