217 Main St Salem, NY 12865
This exceptional mixed-use property, situated at 217 N Main St in the vibrant town of Salem, NY, presents a compelling investment opportunity. The 0.11-acre lot offers significant potential for a variety of uses, given its prime location in the heart of Salem. The building itself is a mixed-use structure, providing flexibility for both commercial and residential applications. The asking price of $259,000 represents a competitive entry point into the Salem real estate market. This property is ideal for an investor seeking a versatile asset with strong potential for future growth and income generation. The property's central location provides easy access to local amenities, transportation routes, and a thriving community. Further due diligence is recommended to fully assess the property's potential and to determine the optimal use for this unique investment opportunity. Detailed information regarding the building's square footage and internal layout is available upon request. This is a rare chance to acquire a mixed-use property in a desirable location, offering a blend of commercial and residential possibilities. Don't miss this chance to secure a valuable asset in a growing market. Serious inquiries only.
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.