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Property profile

270 Main St Worcester, NY 12197

Retail space
Property ID
US63-4333931
View Sample
1.07 ac lot
Entity Owned 9-yr Hold Free & Clear
270 Main St, Worcester, NY 12197 For Sale
$500,000
270 Main St, Worcester, NY 12197
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Property summary

AI-generated overview

This exceptional 8,000-square-foot retail building, constructed in 2017, presents a unique investment opportunity in Worcester, New York. Located at 270 Main St, 12197, this property boasts a wide-open floor plan, previously occupied by a Family Dollar store. The asking price of $450,000 is significantly below replacement cost, making it an attractive proposition for discerning investors. The building's zoning allows for a diverse range of uses, including but not limited to retail, business offices, banking facilities, mixed-use occupancy, houses of worship, farm machinery sales, retail with outdoor storage, and appliance repair. Its convenient location offers easy access to I-88, situated midway between Cobleskill and Oneonta, ensuring high visibility and accessibility for potential businesses. This versatile space is ideal for entrepreneurs seeking a well-maintained, spacious building in a thriving community. The property's adaptability and prime location make it a compelling investment opportunity with significant potential for future growth and profitability. The building's modern construction and ample square footage provide a blank canvas for a variety of commercial ventures. Don't miss this chance to acquire a high-value property at a remarkably competitive price.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 1.07 ac (46,609 SF)
Zoning code RHD
APN 366600 199.19-1-46.00
UPID US63-4333931

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2017
3 recorded transactions
2017
$1.2M
2016
$85,000
2015
$44,999

Zoning & alternative use

RHD · Worcester, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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