Property profile

324 Prospect St North Herkimer, NY 13350

FOR SALE
Banks
Property ID
US63-1239755
3,173 SF 0.38 ac lot Built 1974
Entity Owned 5-yr Hold Free & Clear
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324 Prospect St North, Herkimer, NY 13350 For Sale
$399,000 3,173 SF
324 Prospect St North, Herkimer, NY 13350
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Property summary

AI-generated overview

This exceptional 6,115-square-foot commercial property, located at 324 N Prospect Street in Herkimer, NY, presents a unique investment opportunity. Previously a bank, this single-tenant building boasts a desirable location in Herkimer's business district. The property features a convenient drive-thru, ample parking on a 16,692 square foot lot, and a versatile open layout adaptable to various business needs. The building offers approximately 3,000 square feet on each of its two levels. A full basement provides substantial additional space, including mechanical rooms, employee restrooms, a meeting room, a break room, and ample storage. This well-maintained property is ideal for businesses seeking a prominent presence in a thriving community. The property is also available for sale at $600,000 (MLS# S1575443). Located in Herkimer County, New York, with zip code 13350, this property offers a rare combination of size, location, and amenities. Don't miss this chance to secure a prime commercial space in a vibrant and growing area.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1974
Total area 3,173 SF
Lot 0.38 ac (16,692 SF)
Zoning code C3
APN 213001 113.81-6-31
UPID US63-1239755

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

324 Prospect St North Herkimer, NY 13350
Herkimer metro Census 11200 UTICA-ROME, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$465k

Owner & transaction history

since 2021
Last sale
$451,500
2 recorded transactions
2021
$451,500
2005
Price N/A

Zoning & alternative use

C3 · Herkimer, 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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More about this property
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