Technical
Financial
Distress signals
Property profile

289 Main St Malone, NY 12953

OFF-MARKET
Gas stations
Property ID
US63-2067800
12,816 SF 2.09 ac lot Built 1999
Individually Owned 6-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Crypto Atm Atm
  • Gas Station
  • Grocery & Convenience Store Food Market

Location

289 Main St Malone, NY 12953-1771
Malone metro Census 950501 MALONE, NY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.39M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.55M
Blend (final) Blend
$1.41M

Owner & transaction history

since 2019
Last sale
$1.2M
1 recorded transaction
2019
Price N/A

Zoning & alternative use

01 - NOT ZONED · Malone, 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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