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Property profile & analytics
FOR SALE
Specialty properties

235 State St Auburn, NY 13021

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
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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