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    Investment properties

    5235 State Rte 37, Malone, NY 12953-4131

    8,272 SF 10.1 ac lot Built 1960
    Individually Owned 5-yr Hold Free & Clear
    Property ID
    US63-1239219
    Property summary
    AI-generated overview

    This exceptional mixed-use property, situated on over 10 acres of land along the heavily trafficked State Route 37 in Malone, NY, presents a remarkable investment opportunity. The property comprises three substantial buildings, offering a versatile canvas for a variety of commercial ventures. The main building boasts over 8,000 square feet of space, intelligently divided to include ample retail space at the front, a spacious warehouse area ideal for storage in the rear, and a convenient one-bedroom apartment. This layout provides flexibility for owner-occupancy or rental income generation. The two additional buildings, each measuring 40 x 60 feet, offer significant additional space, perfect for expansion, storage, or independent operations. The expansive lot size allows for ample parking, outdoor storage, or even potential subdivision, subject to local zoning regulations. The property's strategic location on a major state highway ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in the Malone area. The property is being sold in its current "as is" condition, presenting a unique chance to acquire a substantial commercial holding with significant upside potential. Bring your vision and capitalize on this exceptional opportunity.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1960
    Total area 8,272 SF
    Lot 10.1 ac (439,956 SF)
    Zoning code 01 - NOT ZONED
    APN 164889 97.-1-35.100
    UPID US63-1239219
    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
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Francois W Fredericks · 5 yrs held
    Francois W Fredericks
    since 2021
    2 recorded transactions
    2021
    2020
    $200,000
    Zoning & alternative use
    01 - NOT ZONED · Malone, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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