Technical
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Property profile

5235 State Rte 37 Malone, NY 12953

OFF-MARKET
Investment properties
Property ID
US63-1239219
8,272 SF 10.1 ac lot Built 1960
Individually Owned 5-yr Hold Free & Clear
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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

Location

5235 State Rte 37 Malone, NY 12953-4131
Malone metro Census 950502 MALONE, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2020
$200,000

Zoning & alternative use

01 - NOT ZONED · Malone, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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