100 County Highway 29A, Springfield Center, NY 13468
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.