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Property profile

415 Palmer Ave Corinth, NY 12822

Bars & Pubs
Property ID
US63-0084029
View Sample
5,380 SF 0.15 ac lot Built 1940
Individually Owned 13-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional 0.15-acre commercial lot, located at 415 Palmer Ave in Corinth, NY, presents a unique investment opportunity. Priced at $499,000, this property offers significant potential for various commercial ventures. The lot's size provides ample space for a range of development projects, allowing for flexibility in design and functionality. Its strategic location within Corinth offers convenient access to local amenities, transportation routes, and a growing community. The absence of existing structures allows for complete design freedom, enabling the creation of a bespoke commercial space tailored to specific business needs. This is a blank canvas for entrepreneurs and developers seeking to establish a presence in a thriving market. The property's zoning regulations should be independently verified to ensure compliance with intended development plans. This is a rare opportunity to acquire a well-situated commercial lot in a desirable location, offering substantial potential for return on investment. Serious inquiries are encouraged to explore the possibilities this property presents. Act quickly, as opportunities like this are seldom available. The asking price reflects the prime location and development potential of this exceptional property.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1940
Total area 5,380 SF
Lot 0.15 ac (6,534 SF)
Zoning code GC
APN 412601 74.21-1-28
UPID US63-0084029

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2013
3 recorded transactions
2013
$7,452
2012
Price N/A
2006
$135,000

Zoning & alternative use

GC · Corinth, 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?”
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