Property summary
This exceptional 6,460 square foot storefront property at 251 Main Street in Johnson City, New York, presents a remarkable investment opportunity. Built in 1960, this three-story building sits on a 3,448 square foot lot and is currently vacant, offering a blank canvas for a discerning buyer. The asking price is $175,000, translating to $27.09 per square foot. Located in Broome County, NY, 13790, this high-visibility property boasts prominent street frontage, ensuring maximum exposure for any retail venture. The property is zoned UMF, allowing for a variety of retail uses. Architectural plans are available, detailing a potential conversion into four residential units (three two-bedroom units and one four-bedroom unit). This presents a unique opportunity to capitalize on both retail and residential markets. The building's substantial size and prime location make it an ideal space for a diverse range of retail businesses seeking a prominent presence in a thriving community. Don't miss this chance to acquire a significant commercial property with substantial redevelopment potential in a desirable New York location.
Property profile
VerifiedCap rate & NOI
Current use
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Barber Shop
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Law Firm
Value estimations
Owner & transaction history
Zoning & alternative use
UMF Suburban Multifamily SMF B. The residential district names and map symbols are intended to provide a general indication of what is allowed in the district by denoting the residential densities (urban, suburban, or ru…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
UMF · Johnson City, NYUMF Suburban Multifamily SMF B. The residential district names and map symbols are intended to provide a general indication of what is allowed in the district by denoting the residential densities (urban, suburban, or ru…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for UMF in Johnson City, NY.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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