Property profile

527 N Perry St Johnstown, NY 12095

FOR SALE
Investment properties
Property ID
US63-6051324
4,432 SF 0.81 ac lot Built 1970
Individually Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property presents a unique investment opportunity in the vibrant city of Johnstown, NY. Situated on a sizable 0.81-acre lot at 527 N Perry St Unit 527, this property offers significant potential for a variety of uses. The building's current configuration is classified as mixed-use, allowing for flexibility in development and tenant occupancy. The asking price is $359,000, representing a compelling entry point into the Johnstown real estate market. Given the substantial lot size, there's potential for expansion or redevelopment, subject to local zoning regulations and approvals. The property's location within Johnstown offers convenient access to local amenities, transportation routes, and a thriving community. Further due diligence is recommended to fully assess the property's potential and to determine its suitability for specific business plans. Detailed information regarding the building's square footage and internal layout is available upon request. This is an excellent opportunity for investors seeking a versatile property with significant upside potential in a desirable location. Serious inquiries are encouraged to explore this promising investment prospect further. The property is offered as-is.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1970
Total area 4,432 SF
Lot 0.81 ac (35,284 SF)
Zoning code 06 - INDUSTRIAL
APN 170800 148.20-2-9
UPID US63-6051324

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

527 N Perry St Johnstown, NY 12095
Johnstown metro Census 971200 GLOVERSVILLE, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

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

Owner & transaction history

since 2016
2 recorded transactions
2016
Price N/A
2006
$163,500

Zoning & alternative use

06 - INDUSTRIAL · Johnstown, 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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