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    OFF-MARKET
    Specialty properties

    235 State St, Auburn, NY 13021-1112

    3,898 SF 0.38 ac lot Built 1977
    Individually Owned Free & Clear
    Property ID
    US63-5470202
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a unique mixed-use property located at 235 State Street in Auburn, NY. The property encompasses a substantial 5,230 square feet situated on a 0.38-acre lot. The main building features two distinct units: a ground-floor commercial space and a spacious three-bedroom apartment on the second floor. The commercial space underwent a complete entrance remodel in 2005, incorporating a new, handicap-accessible ramp and a modern commercial bathroom. This area offers ample space adaptable to a variety of commercial uses. The upper-level apartment provides additional income potential or could be used as office space. Completing this package is a large carriage house with an attached one-car garage, offering significant storage capacity. This versatile structure presents numerous possibilities for expansion or additional income streams. Detailed financial information, including rental rolls, is available upon request, providing potential investors with a comprehensive understanding of the property's financial performance. This property is priced at $469,000 and represents a compelling investment opportunity in a desirable location.

    Property profile
    Verified
    Property type Specialty properties
    Use group FUNERAL HOME
    Year built 1977
    Total area 3,898 SF
    Lot 0.38 ac (16,553 SF)
    Zoning code R1
    APN 050100 115.27-1-29.1
    UPID US63-5470202
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    MICHAEL J NICPON
    MICHAEL J NICPON
    Zoning & alternative use
    R1 · Auburn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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