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    OFF-MARKET
    Office buildings

    21 Elm St 23, Malone, NY 12953-1569

    4,466 SF 0.08 ac lot Built 1930
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US63-2715727
    Property summary
    AI-generated overview

    This exceptional Malone, NY property at 21 Elm St, Units 21-23, presents a unique investment opportunity. Encompassing 4,466 square feet on a 0.08-acre lot, this mixed-use building combines commercial and residential spaces. Currently, the property houses office space and three apartments, two of which have undergone recent renovations. A brand new rubber roof was installed in the fall of 2023, ensuring long-term durability. All units are currently rented, providing immediate cash flow and potential for future growth. The strategic corner location at the intersection of Main and Elm Streets places the property in a high-traffic area, ideal for a small business. The existing apartment rentals offer significant potential to offset mortgage payments. The building offers flexibility for expansion, with the possibility of adding more office space or another apartment unit to further increase revenue. Detailed financial information (P&L) is available upon request, allowing potential buyers to thoroughly assess the property's financial performance and investment potential. This is a rare opportunity to acquire a well-maintained, income-generating property in a prime Malone location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1930
    Total area 4,466 SF
    Lot 0.08 ac (3,485 SF)
    Zoning code 01 - NOT ZONED
    APN 164801 112.25-3-17
    UPID US63-2715727
    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
    • Counseling & Psychology Services Physician Medical Clinic
    • Andrea Johnston Foster Care Service Social Service Agency
    • Mountain Marketing Services Advertising Agency Marketing & Advertising
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Jonathan Reid
    Jonathan Reid
    since 2025
    Last sale
    $160,000
    7 recorded transactions
    2025
    $160,000
    2017
    2016
    2014
    1969
    1969
    1969
    Zoning & alternative use
    01 - NOT ZONED · Malone, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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