479 Perry St Johnstown, NY 12095-1068
This exceptional mixed-use property at 479 N Perry St, Johnstown, NY 12095, offers a unique investment opportunity. The building encompasses approximately 7,332 square feet across two stories and sits on a sizable 1.2-acre lot. Currently, the first floor is vacant, previously operating as a laundromat, presenting a blank canvas for a new business venture. The second floor houses two leased two-bedroom, one-bathroom apartments, providing a steady rental income stream. A significant asset is the separate approximately 1,400 square foot auto garage, also currently leased. The property boasts ample parking for approximately 40 vehicles, a considerable advantage in a busy commercial area. All three existing tenants are long-term occupants, ensuring consistent revenue. Located at a traffic light in Johnstown, this property benefits from high visibility and accessibility. The C1 zoning permits a range of uses, making it an ideal candidate for redevelopment, capitalizing on its size and prime location. The asking price is $395,900. This presents a compelling opportunity for investors seeking a strong return on investment in a thriving New York community.
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Red's Service & Repair Auto Repair Shop
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Century Coin Laundry (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
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
06 - INDUSTRIAL · Johnstown, NYJohnstown. Always verify with local authorities before improvements.
No recorded transactions found for this property.
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.