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Property profile & analytics
OFF-MARKET Estimated value $695,000
Investment properties

479 Perry St Johnstown, NY 12095-1068

7,332 SF 1.2 ac lot Built 1955
Entity Owned Absentee Owner Free & Clear
Property ID
US63-2778777
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1955
Total area 7,332 SF
Lot 1.2 ac (52,272 SF)
Zoning code 06 - INDUSTRIAL
APN 170800 162.8-1-4.1
UPID US63-2778777
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
Current use
Occupant on record · Public records
  • Red's Service & Repair Auto Repair Shop
  • Century Coin Laundry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$446k
Blend (final) Blend
$695k
Owner & transaction history
TWIN CITY LLC
TWIN CITY LLC
Zoning & alternative use
06 - INDUSTRIAL · Johnstown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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