187 Main St Unadilla, NY 13849-2441
This exceptional 10,145 square foot mixed-use building at 187 Main St, Unadilla, NY, presents a unique investment opportunity. Situated on a 0.27-acre lot, the property boasts four ground-floor commercial units, including a fully equipped former pizzeria. The pizzeria features two Blodgett stone pizza ovens, a Hobart dough mixer with attachments, a six-burner stove and hood, a walk-in cooler, triple wash sinks, and extensive stainless steel and refrigerated prep surfaces. Ample storage is available in the full basement, including a walk-in freezer and additional refrigeration. The pizzeria also includes tables, chairs, a large dining area, two public restrooms, and handicap accessibility. The remaining three ground-floor units offer excellent street frontage on Main Street. Upstairs, the second floor offers significant potential. With 20-foot ceilings, original wood floors, and large windows, this space features a bar and kitchen area, and multiple rooms adaptable for additional rental units or shops. The property includes parking spaces behind the building, plus convenient access to a large adjacent town parking lot. The first floor alone offers a potential capitalization rate exceeding 10% when fully leased, making the second floor a substantial bonus. This property is ideal for a savvy investor seeking strong cash flow and significant upside potential. The building's history and location offer a unique opportunity to contribute to the local community while generating substantial income. The asking price is $275,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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.