280 Main St Massena, NY 13662-1901
This exceptional 2,400 square foot commercial property, located at 280 Main Street in Massena, NY, presents a compelling investment opportunity. Currently leased to a government agency under a long-term, lucrative lease agreement with a clear intention for continued occupancy, this property boasts an impressive 8.6% cap rate. The building is in excellent condition, requiring no deferred maintenance, minimizing immediate capital expenditures. Detailed financial information, including the lease terms, is available upon request. This property is part of a larger, five-property portfolio offering potential for significant economies of scale. The portfolio includes three additional government-leased properties, a medical facility, and a property with five duplex units. Purchasing the entire portfolio offers a reduced price per property. Further enhancing the property's value is an additional parking lot situated directly across the street, providing ample parking for tenants and visitors. This is a rare opportunity to acquire a stable, high-yielding commercial property with significant long-term potential. Serious inquiries are encouraged to explore this investment opportunity further.
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Northern Insuring Agency, Inc Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CTD · Massena, NYNo recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.