316 Main St, Morristown, NY 13664
This iconic 6,825 sq ft multi-use property in Morristown, NY presents a unique investment opportunity with owner-occupancy potential. Located on Main Street, this charming building boasts five units: two street-level commercial spaces (one currently leased long-term), and a vacant unit ideal for studio, office, or retail use, offering excellent visibility and parking. The main level features a beautifully renovated 3-bedroom, 2-bathroom residence with a two-car garage, paved driveway, and many original period details. The custom kitchen includes granite countertops, high-top seating, a scullery, top-of-the-line appliances, a dry bar with wine fridge, and built-ins. A formal dining room with double pocket doors opens to a sitting room with a fireplace. The primary suite includes a deep jetted tub, separate shower, and walk-in closet. An expansive deck runs along the northwest faГ§ade, perfect for entertaining and enjoying views of summer events. The second floor contains two apartments (1BR/1BA and 2BR/1BA) requiring renovation to maximize rental income
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Silver & Collins Law Firm Law Firm
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
Property description
Physical attributes from public recordsZoning & alternative use
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.