4790 Commercial DrNew Hartford, NY 13413

Property Details for 4790 Commercial Dr

Year built

1987

Lot size

0.25 AC

Property size (Sq ft)

3,400 SF

Zone code

05 - COMMERCIAL

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

304889 317.013-3-17.2

APU

3048893170133172

Description

This exceptional New Hartford, NY, retail property offers a 3,400 square-foot building on a 0.25-acre lot, ideally situated on Commercial Drive. Boasting a modern design with large windows and high ceilings, this single-tenant space benefits from a high-traffic location, with over 40,000 cars passing daily, ensuring excellent visibility and foot traffic. The property's strategic placement near popular dining and retail options further enhances its appeal. The asking price is $950,000, which includes a fully approved Adult-Use Retail Dispensary License, encompassing state approvals and local land use entitlements. Alternatively, the property is available for lease at $5,411 per month, NNN. The building's modern exterior and bright, welcoming atmosphere create an ideal environment for a thriving dispensary. Easy access from major highways ensures convenient access for customers from surrounding areas. With a 5-mile population exceeding 133,000, this location presents a significant opportunity for a successful business venture. The property's features include ample parking and a prime location within a bustling commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,047,320

  6.5%

  $966,757

  7%

  $897,703

• Comparable approach

  Method

  Valuation

  Relative Method

  $693,207

  Geo Method

  $688,578

• Alternative Use

  Use

  Valuation

  Residential

  $966,757

  Hospitality

  $885,544

  Educational

  $736,762

  Medical

  $762,101

  Retail

  $1,146,074

Location Insight

City

New Hartford

County

Oneida

State

New York

Latitude

43.0948

Longitude

-75.3048

CBSA code

46540

CBSA name

UTICA-ROME, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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