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    OFF-MARKET
    Retail space

    426 428th S Main St, Massena, NY 13662

    7,822 SF 0.42 ac lot Built 1965
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US63-2796953
    Property summary
    AI-generated overview

    This exceptional 7,822 square foot multi-family property located at 426 Main St, Massena, NY, presents a compelling investment opportunity. Situated on a 0.42-acre lot, this building offers significant versatility due to its flexible zoning, accommodating a wide range of commercial uses from retail to automotive sales. The property's current configuration includes a spacious two-bedroom apartment on the upper level, currently generating a monthly income of $1,700 from the first floor alone. This income stream provides immediate return on investment, while the expansive commercial space below offers significant potential for further revenue generation. The building's substantial size and prime Main Street location in Massena, NY, ensure high visibility and accessibility. This property is an ideal choice for investors seeking a blend of immediate income and long-term growth potential. The adaptable zoning allows for a variety of business ventures, making it a truly unique and valuable asset. The existing rental income provides a solid foundation for future expansion and development. This is a rare opportunity to acquire a well-located, income-producing property with significant upside potential in a thriving community. Don't miss this chance to secure a valuable piece of Massena real estate.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1965
    Total area 7,822 SF
    Lot 0.42 ac (18,295 SF)
    Zoning code CTD
    APN 405801 9.083-6-29.1
    UPID US63-2796953
    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
    AI Approach AI
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    Blend (final) Blend
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    Owner & transaction history
    TIMOTHY ALGUIRE
    TIMOTHY ALGUIRE
    Zoning & alternative use
    CTD · Massena, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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