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    Property profile & analytics
    OFF-MARKET
    Retail space

    270 Main St, Worcester, NY 12197-1906

    1.07 ac lot
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US63-4333931
    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
    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
    Cmtu INC · 8 yrs held
    Cmtu INC
    since 2017
    3 recorded transactions
    2017
    $1.2M
    2016
    $85,000
    2015
    $44,999
    Zoning & alternative use
    RHD · Worcester, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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