55 Broad St Plattsburgh, NY 12901

Property Details for 55 Broad St

Year built

1960

Lot size

0.19 lot acres

Property size

5,730 SF

Property type

Commercial real estate

Description

This exceptional investment property, located at 55 Broad Street, Unit 55, Plattsburgh, NY, presents a unique opportunity in the thriving college town market. The property boasts a substantial 5,730 square feet of space, ideally configured to accommodate fourteen students comfortably. Situated on a 0.19-acre lot, this building offers ample space for both living and potential expansion. The current setup is specifically designed for college housing, making it an attractive option for investors seeking a stable and potentially high-yield rental income stream. The property's location in Plattsburgh, NY, provides easy access to local amenities, educational institutions, and transportation networks, ensuring high occupancy rates and strong rental demand. The asking price of $529,900 represents a compelling investment opportunity in a consistently performing market segment. This turnkey operation requires minimal capital expenditure to maintain its current functionality and high occupancy. The property's size and layout offer flexibility for future adaptations or upgrades, allowing for potential value appreciation over time. Serious investors are encouraged to explore this promising opportunity to acquire a well-established and profitable college housing property in a desirable location. This is a rare chance to secure a stable income stream in a growing market. The property is ready for immediate occupancy and income generation. Detailed financial information and property specifics are available upon request.

Location Insight

City

Plattsburgh

County

Clinton

State

New York

Longitude

-73.45982

Latitude

44.69444