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28 12th E Main St Johnstown, NY 12095-2623

OFF-MARKET Turn key restaurants Google Maps
930 SF 0.04 ac lot Built 1921
Individually Owned 12-yr Hold Free & Clear
Estimated value (blended)
$165k
Range $149k – $182k (±10%)
Property ID US63-2784436

Property summary

AI-generated overview

This exceptional 0.22-acre commercial lot presents a unique investment opportunity in the heart of Johnstown, NY. Located at 28 E Main St, this property offers significant potential for a variety of commercial ventures. The expansive lot provides ample space for development, allowing for flexibility in design and construction to suit individual business needs. Its strategic location on East Main Street ensures high visibility and accessibility, attracting significant foot traffic and convenient access for customers and employees. The property's prime location within Johnstown offers easy access to local amenities, transportation routes, and a thriving community. This is an ideal opportunity for entrepreneurs and investors seeking a well-positioned commercial property in a growing market. The absence of existing structures allows for complete customization, enabling the creation of a building tailored to specific business requirements. This blank canvas presents a rare chance to build a lasting commercial presence in a desirable location. The asking price of $290,000 reflects the significant value and potential of this exceptional property. Serious inquiries are encouraged to explore this promising investment opportunity further. Don't miss out on the chance to secure this prime commercial lot in a vibrant and growing community. Act quickly, as opportunities like this are rare.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1921
Total area 930 SF
Lot 0.04 ac (1,742 SF)
Zoning code 05 - COMMERCIAL
APN 170800 174.8-7-8
UPID US63-2784436

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
  • Restaurant
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$165k

Owner & transaction history

since 2014
1 recorded transaction
2014
Price N/A

Zoning & alternative use

05 - COMMERCIAL · Johnstown, 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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