3302 Main St, Mexico, NY 13114-3583
This exceptional 17,304 square foot mixed-use property, situated on 0.3 acres at 3302 Main Street in the heart of Mexico, NY's historic downtown business district, presents a unique investment opportunity. The property has been awarded a substantial $1,836,000 Restore NY Grant specifically for capital improvements, focusing on rehabilitation and repairs to restore the building to commercial viability. An approved plan exists for a mixed-use development incorporating five short-term rental studios, two long-term apartments, and a cafГ©/restaurant on the lower level. However, the property's versatility allows for alternative uses, such as a brewery, cidery, or other food and retail services. Its strategic location offers significant advantages. The property is conveniently located near major corporate offices, retail centers, and public transportation. Furthermore, its proximity to the new Micron Technology semiconductor plant in Clay, NY (20 miles away), adds considerable long-term growth potential. The charming village of Mexico boasts a desirable location near world-class salmon fishing, Lake Ontario (Oswego), Syracuse (via Route 81), the Salmon River (Pulaski), and Watertown, ensuring a strong base of potential customers and residents. This is a rare chance to acquire a property with significant grant funding and immense redevelopment potential in a thriving and strategically located community. The asking price is $379,900.
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
05 - COMMERCIAL · Mexico, NYMexico. Always verify with local authorities before improvements.
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.