Property profile

1 Main St Norfolk, NY 13667

FOR SALE
Retail space
Property ID
US63-2222623
1,400 SF 1 ac lot Built 1950
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This expansive 22,000 square foot commercial property in Norfolk, NY presents a remarkable investment opportunity. Situated almost equidistant from Potsdam and Massena, its prime location offers exceptional accessibility. The property boasts a large main building ideal for diverse business ventures, complemented by a substantial warehouse and several additional structures. These include a building previously used as an antique shop, a sizable garage, and a three-bay shelter area, all offering significant rental income potential or expansion space. The main building features eleven large rooms, providing ample flexibility for various uses. The property benefits from multiple heating sources, a newer metal roof, and upgraded OSHA-approved electrical wiring throughout. Internal amenities include three half-bathrooms and a utility room housing an oil tank and two compressors. This property's size and versatility make it an exceptional opportunity for entrepreneurs seeking a substantial space to establish or expand their business, or for investors looking to generate income through rentals. The significant square footage and multiple buildings offer a unique blend of potential uses and revenue streams. This is a rare chance to acquire a substantial commercial property in a strategic location with significant upside. Don't miss this chance to own a piece of Norfolk's commercial landscape.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 1,400 SF
Lot 1 ac (43,560 SF)
Zoning code 05 - COMMERCIAL
APN 406289 32.067-3-4
UPID US63-2222623

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Acoustical Consultant

Location

1 Main St Norfolk, NY 13667
Norfolk metro Census 490600 OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2025
2 recorded transactions
2025
$65,000
2015
Price N/A

Zoning & alternative use

05 - COMMERCIAL · Norfolk, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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