187 Margaret St Plattsburgh, NY 12901
- Investment properties
- 8,348 SF
- 0.27 lot acres
Current Use by Public Records
- NATIONAL Business Technologies / Office Equipment Supplier / Printer Repair Service
- Insley Law / Attorney
- NORTHEAST BUSINESS INTERIORS / Interior Designer
Property Details for 187 Margaret St
- Year built
- 1991
- Lot size
- 0.27 lot acres
- Property size
- 8,348 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 091300 207.15-5-7
- APU
- 913002071557
Description
This exceptional 9,000 square foot commercial property, situated on a 0.27-acre lot at 187 Margaret Street in Plattsburgh, NY, presents a unique investment opportunity. Its prime location ensures high visibility and accessibility, guaranteeing consistent business activity. The interior boasts a sleek and modern design, featuring several spacious offices ideal for a variety of business needs. A large meeting room provides ample space for presentations or collaborative work. A conveniently located kitchenette and bathroom add to the functionality and comfort of the workspace. Significant storage space is available in a dedicated rear warehouse area, providing ample room for inventory or equipment. Furthermore, an additional upstairs room offers versatile space, perfect for use as a conference room or additional office space, enhancing the property's overall utility and potential. The property's combination of modern design, ample space, and strategic location makes it an attractive option for businesses seeking a productive and well-appointed workspace in a thriving commercial area. The asking price for this exceptional property is $485,000. This presents a compelling opportunity to acquire a well-designed and strategically located commercial space in a vibrant Plattsburgh business district.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $300,000
- 7%
- $250,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $270,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $240,000
- Retail
- $245,000
- Mixed-Use
- $260,000
- Hospitality
- $230,000
- Educational
- $230,000
- Residential Income
- $310,000
- Energy
- $270,000
- Income-Based Land
- $310,000
- Food Service
- $250,000
Location Insight
- Map
- Local Demand
- City
- Plattsburgh
- County
- Clinton
- State
- New York
- Longitude
- -73.4538
- Latitude
- 44.7016
- CBSA code
- 38460
- CBSA name
- PLATTSBURGH, NY MICROPOLITAN STATISTICAL AREA
