44 Washington St Rear, Auburn, NY 13021-2403
This 20,491 square foot commercial property in Auburn, NY, sits on a 1.08-acre lot and presents a compelling investment opportunity. Priced at $139,900, the property boasts recently renovated storage areas ideal for various uses, including landscaping, boat storage, or contracting businesses. Twelve and fourteen-foot ceilings provide ample vertical space, while convenient features such as an electric garage door on the main storage area and two loading docks enhance functionality. A portion of the property generates immediate monthly income from existing tenants, helping offset carrying costs. The property is being sold "as is," offering significant upside potential for further development and expansion of storage capacity. The existing storage areas are clean and ready for immediate use. This is an excellent chance to acquire a well-located commercial property with strong rental income potential and room for future growth. The property's size and features make it suitable for a variety of commercial storage needs. Don't miss this chance to acquire a profitable and versatile commercial property in a desirable location.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CC · Auburn, NYAuburn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.