Property profile

37 Gouverneur St Canton, NY 13617

FOR SALE
Investment properties
Property ID
US63-5291203
1,210 SF 0.53 ac lot Built 1924
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity in Canton, NY, presents a chance to acquire two commercial buildings totaling 3,214 square feet on a 0.53-acre lot with 15 parking spaces. The property, built in 1968, currently houses a well-established liquor and wine store, a beer store, and a convenience store, all operating successfully for 22 years and benefiting from a loyal customer base. The central location in Canton offers high visibility near residences, businesses, non-profits, and educational institutions. This turnkey operation includes a long-standing bottle redemption business, providing additional revenue streams. The asking price is $549,000, translating to $170.82 per square foot. The property's versatility allows for continued operation of the existing businesses or conversion to other commercial uses. This is a rare opportunity to own a profitable, established business with significant potential for growth and expansion in a desirable location. Ample parking ensures convenient access for customers. The property presents a unique chance to own multiple established businesses or to adapt the space to suit a variety of commercial ventures. Consider this a truly unique opportunity in the heart of Canton, NY.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1924
Total area 1,210 SF
Lot 0.53 ac (23,087 SF)
Zoning code 01 - NOT ZONED
APN 402201 88.042-7-17.1
UPID US63-5291203

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
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store

Location

37 Gouverneur St Canton, NY 13617
Canton metro Census 492000 OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

Zoning & alternative use

01 - NOT ZONED · Canton, 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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