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    OFF-MARKET
    Commercial real estate

    100 County Highway 29A, Springfield Center, NY 13468

    8,000 SF 0.14 ac lot Built 1903
    Property ID
    US63-4374183
    Property summary
    AI-generated overview

    Embrace a piece of history with this unique 8,000 square foot theater, built in 1903, nestled in Springfield Center, NY, minutes from Cooperstown and the Glimmerglass Opera. This commercially zoned property, situated on a 0.14-acre lot, presents a remarkable redevelopment opportunity. The two-story building boasts a solid foundation, a metal roof, and a well and septic system (condition to be verified). The existing structure offers ample space for creative repurposing, easily accommodating eight or more rental units. Preliminary renovations have already begun, including two updated bathrooms and a new 200-amp electrical service. The expansive full basement provides substantial storage and houses utilities. With 20-foot ceilings and a balcony, this building exudes character and charm. An assumable seller finance loan is available, making this a financially attractive investment. This is a chance to own a piece of Springfield's heritage and shape its future. The property includes one building with a total of 8,000 square feet.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1903
    Total area 8,000 SF
    Lot 0.14 ac (6,098 SF)
    UPID US63-4374183
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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