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Property profile & analytics
OFF-MARKET
Office buildings

280 Main St Massena, NY 13662-1901

2,544 SF 0.27 ac lot Built 2001
Entity Owned 23-yr Hold Free & Clear
Property ID
US63-0343608
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2001
Total area 2,544 SF
Lot 0.27 ac (11,920 SF)
Zoning code CTD
APN 405801 9.075-7-26
UPID US63-0343608
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
Current use
Occupant on record · Public records
  • Northern Insuring Agency, Inc Insurance Agency
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
MAGINN LIFETIME TRUST
MAGINN LIFETIME TRUST
Zoning & alternative use
CTD · Massena, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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