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    Property profile & analytics
    OFF-MARKET Estimated value $1,355,000
    Gas stations

    289 Main St, Malone, NY 12953-1771

    12,816 SF 2.09 ac lot Built 1999
    Individually Owned 6-yr Hold Free & Clear
    Property ID
    US63-2067800
    Property summary
    AI-generated overview

    This exceptional 2.09-acre commercial parcel presents a rare opportunity for development in the heart of Malone, NY. Located at 289 W Main St, this expansive lot offers significant potential for a variety of commercial ventures. Its prime Main Street location ensures high visibility and accessibility, making it ideal for businesses seeking strong foot traffic and convenient access for customers. The property's size allows for ample space for construction, accommodating large-scale projects or the development of multiple smaller buildings. The absence of existing structures provides a blank canvas for a custom-designed development, tailored to specific business needs and preferences. This presents a unique chance to create a landmark commercial property in a thriving community. The property's location within Malone offers access to a robust local market and a supportive business environment. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Given the size and location, this land is well-suited for a variety of uses, from retail and office spaces to restaurants and light industrial facilities. The potential for significant return on investment is substantial, making this a compelling opportunity for discerning investors and developers. Further due diligence is recommended to fully assess the development potential and zoning regulations. This is a truly exceptional opportunity to acquire a significant commercial property in a desirable location.

    Property profile
    Verified
    Property type Gas stations
    Use group SERVICE STATION WITH FOOD MART
    Year built 1999
    Total area 12,816 SF
    Lot 2.09 ac (91,040 SF)
    Zoning code 01 - NOT ZONED
    APN 164801 112.23-2-10.200
    UPID US63-2067800
    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
    • CDReload - Online Bitcoin ATM Crypto Atm Atm
    • Stewart's Shops Gas Station
    • Stewarts Grocery & Convenience Store Food Market
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.39M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.55M
    Blend (final) Blend
    $1.36M
    Owner & transaction history
    Us Bk NA Series 2006-top23 Tr · 6 yrs held
    Us Bk NA Series 2006-top23 Tr
    since 2019
    Last sale
    $1.2M
    1 recorded transaction
    2019
    Zoning & alternative use
    01 - NOT ZONED · Malone, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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