61 Main StCamden, NY 13316

Property Details for 61 Main St

Year built

1970

Lot size

0.02 AC

Property size (Sq ft)

3,600 SF

Zone code

01 - NOT ZONED

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

303001 128.017-4-74.1

APU

3030011280174741

Description

This exceptional investment opportunity encompasses a thriving, historically significant hardware store, established 175 years ago and currently ranked among the eight oldest in the United States. The sale includes four properties: the main hardware store located at 61 Main Street in Camden, NY, a second building at 59 Main Street, a warehouse situated on S. Park Street, and a separate office building at 5 Masonic Avenue. The 2,180 square foot hardware store at 61 Main Street features two one-bedroom apartments above the retail space, providing additional rental income. The 5 Masonic Avenue property boasts 5,600 square feet of office space, also generating rental income, and includes a 4,000 square foot pole barn ideal for inventory storage. This comprehensive sale includes all existing inventory, encompassing appliances, pellets, paint (with a two-year-old mixing machine), two forklifts, a truck with a lift (lease to be assumed by the buyer), two pallet jacks, and a complete point-of-sale system. The asking price of $995,000 represents a unique chance to acquire a well-established, profitable business with significant real estate holdings and substantial rental income streams. The properties are listed under MLS numbers S1505310, S1505322, S1505326, and S1535329. This is a turnkey operation ready for a new owner to continue its long and successful history. The 0.02-acre lot at 61 Main Street provides ample space for the existing operations.

• CAP approach

  CAP return

  Valuation

  6%

  $894,296

  6.5%

  $825,504

  7%

  $766,539

• Comparable approach

  Method

  Valuation

  Relative Method

  $473,538

  Geo Method

  $470,376

• Alternative Use

  Use

  Valuation

  Residential

  $1,023,625

  Hospitality

  $937,635

  Educational

  $780,101

  Medical

  $806,930

  Retail

  $1,213,491

Location Insight

City

Camden

County

Oneida

State

New York

Latitude

43.3347

Longitude

-75.7476

CBSA code

46540

CBSA name

UTICA-ROME, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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