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    OFF-MARKET
    Commercial real estate

    397 Main St, Franklin, NY 13775

    0.5 ac lot
    Property ID
    US63-2369701
    Property summary
    AI-generated overview

    This exceptional mixed-use property in Franklin, NY, presents a unique live/work opportunity in the heart of the Catskills. Priced at $265,000, this offering encompasses a historic village home undergoing an upscale renovation and a separate commercial building. The main residence boasts four bedrooms and 2.5 bathrooms, featuring gorgeous wide-plank floors and preserved original details. Significant updates include new plumbing from the street, functional systems, and a roof less than ten years old. The kitchen is roughed in, with cabinets and an apron sink already on-site. An estimated $50,000 would complete the renovation, including optional new window installation. A separate entrance and prepped rooms offer potential for a guest apartment or income-generating rental. Additionally, a two-story barn provides garage space. The adjacent commercial building, Shop 375, is a 600-square-foot historic structure ideal for retail, cafe, or office use. It includes a kitchen, half bath, a newer metal roof, and fresh paint. Situated across from the village park and library, this property offers a rare chance to own a vibrant live/work space in a thriving Catskills arts village. The property sits on a half-acre lot. More photos are forthcoming.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 0.5 ac (21,780 SF)
    UPID US63-2369701
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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