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    402 Mohawk St Herkimer, NY 13350-2217
    Property profile & analytics

    402 Mohawk St Herkimer, NY 13350-2217


    • Investment properties
    • 3,462 SF
    • 0.13 lot acres
    Off-Market
    Last Sale Dec 16, 2022
    $300,000
    Property ID
    US63-0603538
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ADK Foothill Farms Garden Shop / Garden Center / Landscaping

    Property Details for 402 Mohawk St

    Year built
    1950
    Lot size
    0.13 lot acres
    Property size
    3,462 SF
    Zone code
    C2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    213001 120.32-1-73.2
    APU
    213001120321732

    Description

    This 3,462 square foot mixed-use property at 402 Mohawk Street in Herkimer, NY, presents a compelling redevelopment opportunity. Built in 1950 and extensively renovated in 2022, this single-story building sits on a 0.13-acre lot (APN: 120-032-0001-073-200-0000) and is zoned for commercial use. The property currently features two separate units, ideal for a variety of uses. A recent kitchen installation, costing over $100,000, is included, along with updated HVAC systems and a new $10,000 security system. Outdoor dining is permitted, with the seller owning the first two squares of sidewalk space in front of the building. The roof is approximately 13 years old (tar). The asking price is $175,000 ($50.55/sq ft), and the seller is open to owner financing with a significant down payment. Additionally, the seller is willing to lease the storefront for $1600 per month (utilities included) or the restaurant space for $2600 per month (plus utilities and a two-month security deposit). Located in the heart of Herkimer, this property benefits from its proximity to the New York State Thruway and is poised to capitalize on the village's $10 million Downtown Revitalization Initiative (DRI) grant, designed to stimulate economic growth and community revitalization. This is a rare chance to acquire a versatile property in a thriving, historic community undergoing significant positive change.


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    Location Insight

    • Map
    • Local Demand
    City
    Herkimer
    County
    Herkimer
    State
    New York
    Longitude
    -74.9903
    Latitude
    43.0213
    CBSA code
    46540
    CBSA name
    UTICA-ROME, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $6,267
    $41,200
    $68,800
    $110,000
    -
    $60,588
    $101,177
    $161,765
    More about this property
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