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    OFF-MARKET Estimated value $545,000
    Banks

    319 Main St, Herkimer, NY 13350-1840

    8,000 SF 0.33 ac lot Built 1970
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US63-0123194
    Property summary
    AI-generated overview

    This exceptional Herkimer, NY office building at 319 N Main Street offers two available second-floor suites totaling 2,140 square feet. Located in a high-traffic area with excellent visibility, this Class B property enjoys a coveted cotenancy with M&T Bank on the first floor. The building, constructed in 1983, features 8,000 total square feet across two stories, with a maximum contiguous space of 4,000 square feet. The five suites are situated on a 0.32-acre lot (14,178 square feet) and benefit from ample parking with 20 spaces. The building boasts an 8-foot ceiling height, but lacks elevators. Zoned for commercial use (APN: 213001-113-081-0006-038-000-0000), this property presents a fantastic opportunity for businesses seeking a convenient and well-located office space. All utilities and expenses are included, simplifying operations and budgeting. The building's floor plan allows for flexibility, making it suitable for a variety of businesses. This is a rare opportunity to secure office space in a desirable location with a strong tenant mix. The building's location on N Main Street, near Church Street, ensures high visibility and easy access for clients and employees. Don't miss this chance to establish your business in a thriving Herkimer community.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1970
    Total area 8,000 SF
    Lot 0.33 ac (14,190 SF)
    Zoning code C3
    APN 213001 113.81-6-38
    UPID US63-0123194
    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
    • M&T Bank Bank Loan Service
    • Herkimer County Trust County Government Office
    • M&T Bank ATM Atm
    • Alex Taylor - M&T Financial Services Financial Advisor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $490k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $446k
    Blend (final) Blend
    $545k
    Owner & transaction history
    Script Properties LLC · 2 yrs held
    Script Properties LLC
    since 2023
    Last sale
    $550,000
    1 recorded transaction
    2023
    $550,000
    Zoning & alternative use
    C3 · Herkimer, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $840,000 +24.7%
    Auto repair, garage $720,000 +7.0%
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