234 Sunset Ave, Herkimer, NY 13350
This exceptional commercial redevelopment opportunity encompasses three contiguous parcels totaling 0.29 acres at 234 Sunset Ave, Herkimer, NY. Currently featuring a commercial repair shop and two single-family dwellings, the seller requires the sale of all three parcels together, "as is," for redevelopment purposes. This prime location sits on a major four-corner intersection boasting an impressive 20,000 vehicles passing daily, ensuring high visibility and accessibility for any new venture. The property's strategic positioning offers unparalleled exposure, situated within sight of a Walmart main entrance and adjacent to established fast-food giants such as KFC, Taco Bell, and McDonald's. This high-traffic area presents an ideal setting for a variety of commercial uses, including but not limited to a coffee shop or small retail establishment. The existing structures provide a solid foundation for redevelopment, allowing for creative adaptation or complete demolition to suit a new development plan. The combined acreage and high daily traffic count make this a rare and compelling investment opportunity in a thriving commercial zone. The asking price for this unique redevelopment project is $550,000. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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.