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Property profile & analytics
OFF-MARKET
Investment properties

11 Main St Castile, NY 14427-9612

2,480 SF 0.16 ac lot Built 1905
Individually Owned 12-yr Hold Absentee Owner Free & Clear
Property ID
US63-5782471
Property summary
AI-generated overview

This exceptional mixed-use property, located at 11 N Main St in Castile, NY, presents a unique investment opportunity. The building, constructed in 1905, boasts a total of 2,480 square feet across two stories, situated on a 0.16-acre lot. The property features two units: a completely renovated ground floor unit and a charming upper apartment. The ground floor unit, ideal for either office space or residential use, offers three bedrooms (or offices), a new kitchen with stainless steel appliances, 1.5 bathrooms, new drywall, insulation, electrical, plumbing, flooring, and windows. A first-floor laundry area is also included. While some minor finishing touches are needed (full bathroom connection, washer/dryer vent hookup, and kitchen island installation), the unit is largely complete and ready for immediate occupancy. The upper apartment is currently occupied by a long-term tenant who desires to remain. This presents a stable income stream from day one. The property's prime location in Castile, NY, within Wyoming County, and its blend of commercial and residential potential make it an attractive investment for both seasoned and new investors. The zip code is 14427. This is a rare opportunity to acquire a well-maintained, renovated property in a desirable location.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1905
Total area 2,480 SF
Lot 0.16 ac (6,970 SF)
Zoning code 05 - COMMERCIAL
APN 562601 147.7-3-36
UPID US63-5782471
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
Current use
Occupant on record · Public records
  • Cordelia Greene Library Public Library
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Raymond J Convey · 12 yrs held
Raymond J Convey
since 2014
Last sale
$130,000
3 recorded transactions
2014
$80,000
2010
$40,900
2008
$45,000
Zoning & alternative use
05 - COMMERCIAL · Castile, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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