Property profile

11 Main St Canton, NY 13617

OFF-MARKET
Investment properties
Property ID
US63-2764697
2,552 SF 0.05 ac lot Built 1880
Individually Owned 11-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional three-story commercial building, located at 11 Main St in the heart of Canton, NY, presents a fantastic investment opportunity. Boasting a total of 3,200 square feet, the property features two distinct units, each with its own separate entrance. The main floor is ideally suited for a restaurant, complete with a recently installed commercial kitchen equipped with appliances, ample storage space, and central air conditioning. Recent renovations include a new commercial awning, updated plumbing and electrical systems, new flooring, and two new ADA-compliant bathrooms. Two inground sump pumps provide reliable protection against water damage. A new front window enhances curb appeal. The upper floor comprises three spacious office rooms, a kitchenette, and a newly renovated bathroom. This unit could easily be converted into a residential apartment. The building benefits from convenient parking both in front and at the rear. This property offers a blend of modern amenities and prime downtown location, making it an attractive proposition for a variety of commercial ventures. The building's recent updates minimize immediate capital expenditure needs, allowing for a smooth transition and immediate occupancy.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1880
Total area 2,552 SF
Lot 0.05 ac (1,980 SF)
Zoning code 01 - NOT ZONED
APN 402201 88.042-3-28
UPID US63-2764697

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
  • Restaurant
  • (Bike/Boat/Book/etc) Store

Location

11 Main St Canton, NY 13617-2235
Canton metro Census 492000 OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2014
1 recorded transaction
2014
Price N/A

Zoning & alternative use

01 - NOT ZONED · Canton, 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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