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    OFF-MARKET
    Auto shops

    25 Main St, Norfolk, NY 13667-3105

    1,208 SF 0.2 ac lot Built 1960
    Individually Owned 12-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-2622246
    Property summary
    AI-generated overview

    This 1,400 square foot commercial building located at 25 W Main St, Norfolk, NY, presents a unique investment opportunity. Situated in the heart of downtown Norfolk, this property boasts high visibility and significant foot traffic, ensuring strong potential for a variety of businesses. The building features a main commercial space ideal for a retail operation, office, or laundromat. Three sizable storage units are located to the rear of the main space, offering additional income potential or valuable storage for the primary business. The property's versatility allows for a wide range of uses, from a small retail shop or convenience store to a workshop, storage facility, or even a light industrial operation. The building is well-maintained and ready for immediate occupancy. The sale price of $69,900 does not include the existing washers and dryers. This is a rare chance to acquire a profitable commercial property in a desirable downtown location. Don't miss this chance to establish your business or expand your investment portfolio. The property is situated on a lot with zero acres.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1960
    Total area 1,208 SF
    Lot 0.2 ac (8,856 SF)
    Zoning code 05 - COMMERCIAL
    APN 406289 32.058-3-18
    UPID US63-2622246
    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
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Shawn Thrana · 12 yrs held
    Shawn Thrana
    since 2014
    1 recorded transaction
    2014
    $7,000
    Zoning & alternative use
    05 - COMMERCIAL · Norfolk, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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