Property summary
This exceptional commercial property, located at 12061 E Main St in the heart of Wolcott, NY, presents a unique investment opportunity. The building boasts a substantial 2,972 square feet situated on a 0.07-acre lot. The main level comprises over 1400 square feet of office space, currently leased to a law firm at a monthly rent of $800 plus utilities, offering immediate income potential. The upper level, also exceeding 1400 square feet, presents significant potential for conversion into a two-bedroom apartment. While requiring renovations including a kitchen and other updates, this space could provide valuable additional income or comfortable living quarters for an owner-occupant. The building is in need of a new roof, and cost estimates are readily available upon request. This property is ideally suited for an investor seeking a strong return on investment through rental income, or for a business owner looking to combine workspace with convenient residential living. The central location in the village of Wolcott offers excellent visibility and accessibility. This is a rare opportunity to acquire a versatile commercial property with significant upside potential. The asking price is $79,900.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
05 - COMMERCIAL · Wolcott, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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