Property profile

274 Main St North Creek, NY 12853

OFF-MARKET
Investment properties
Property ID
US63-6256865
2,820 SF 0.13 ac lot Built 1920
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This meticulously renovated, Class A mixed-use property in North Creek, NY, presents a unique investment opportunity. Located at 274 Main St, this historic building, originally a bank, boasts 3,820 square feet across two buildings and three stories, built in 1920 and renovated ten years ago. The property includes a stunning two-story, three-bedroom, two-bathroom apartment (approximately 1620 sq ft) with original woodwork, a gas range, gas fireplace, and central air. The first floor offers approximately 1200 square feet of prime retail or commercial space, featuring the original bank safe. Additional space includes a heated garage with a workshop and office space. The property sits on a 0.13-acre lot and is currently vacant. Public water is already connected, and public sewer is planned. Estimated long-term monthly rental income is $5250, based on $2500 for the apartment, $1500 for the commercial space, and $1250 for the garage/workshop/office. The property is zoned for commercial use and benefits from its proximity to Gore Mountain and the $30 million Ski Bowl redevelopment project, which includes a large lodge, restaurant, and year-round zip coaster. This exceptional property offers a blend of historic charm and modern convenience, making it an ideal investment in a vibrant, growing community.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Total area 2,820 SF
Lot 0.13 ac (5,663 SF)
Zoning code H02
APN 523000 66.10-1-65
UPID US63-6256865

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Department Store Grocery & Convenience Store

Location

274 Main St North Creek, NY 12853
North Creek metro Census 74000 GLENS FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2024
Last sale
$450,000
2 recorded transactions
2024
$450,000
2007
$180,000

Zoning & alternative use

H02 · North Creek, 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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