10 Oak St Plattsburgh, NY 12901
- Investment properties
- 3,140 SF
- 0.12 lot acres
Current Use by Public Records
- Neverett Meredith A / Family Law Attorney
- Rose & Kiernan Inc / Insurance Agency
- Majorink tattoo studio / Tattoo Shop
Property Details for 10 Oak St
- Year built
- 1958
- Lot size
- 0.12 lot acres
- Property size
- 3,140 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 091300 207.19-3-12
- APU
- 9130020719312
Description
This exceptional investment opportunity presents a well-maintained, fully leased multi-unit property situated in the heart of Downtown Plattsburgh, New York. The building encompasses a total of 3,140 square feet and currently comprises two residential apartments and two commercial units. This presents a diverse income stream and significant potential for future growth. The property is conveniently located, offering easy access to local amenities and businesses. One of the key features is the upstairs commercial unit, which has the potential to be easily converted into a two-bedroom apartment with a modest upgrade to the existing bathroom. A fully equipped kitchen is already in place. The building's current configuration as a mix of residential and commercial spaces provides a flexible and adaptable layout, catering to a variety of tenant needs and maximizing rental income. This property is an excellent choice for investors seeking a stable, high-yield investment in a thriving downtown location. The recent price reduction makes this an even more compelling opportunity. Serious inquiries are encouraged to explore the full potential of this remarkable property. The property sits on a lot with zero acres. The asking price is $339,900.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $210,000
- 6.5%
- $185,000
- 7%
- $185,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $205,000
- Geo Method
- $205,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $195,000
- Retail
- $220,000
- Mixed-Use
- $215,000
- Hospitality
- $220,000
- Educational
- $190,000
- Residential Income
- $165,000
- Energy
- $185,000
- Income-Based Land
- $190,000
- Food Service
- $170,000
Location Insight
- Map
- Local Demand
- City
- Plattsburgh
- County
- Clinton
- State
- New York
- Longitude
- -73.4548
- Latitude
- 44.6965
- CBSA code
- 38460
- CBSA name
- PLATTSBURGH, NY MICROPOLITAN STATISTICAL AREA
