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    OFF-MARKET
    Investment properties

    56 12th Main St, Massena, NY 13662-1973

    5,868 SF 0.07 ac lot Built 1940
    Individually Owned 9-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-2249031
    Property summary
    AI-generated overview

    This 2,958 sq ft commercial building at 56 1/2 Main St, Massena, NY, presents a unique investment opportunity. Previously housing the Courier Observer, this property boasts convenient downtown location, next to Town Hall and the Massena Police Department. Ample public parking is available, and the building offers direct dock access. Located within the Downtown Revitalization Initiative (DRI) zone, the property has already received funding through the Core of the Community Grant and the IDA. While future grant applications would need to be submitted by a new owner, this pre-existing funding provides a significant advantage. The versatile space, offering 2,958 square feet, is ideal for a wide range of commercial uses. Imagine a sandwich shop, indoor skateboarding park, small concert venue, arts center, martini bar, dance studio, retail shop, office space, or comedy club – the possibilities are endless. This is a chance to be part of Massena's downtown revitalization and create a thriving business in a prime location. The property sits on a 0-acre lot. The asking price is $29,900. Don't miss this chance to own a piece of Massena's history and shape its future.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1940
    Total area 5,868 SF
    Lot 0.07 ac (2,958 SF)
    Zoning code CBD
    APN 405801 9.067-1-6
    UPID US63-2249031
    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
    • Downtown Outreach Center Child Welfare Organization Charitable Organization
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Jason Fetterly · 9 yrs held
    Jason Fetterly
    since 2016
    Last sale
    $5,500
    4 recorded transactions
    2016
    $7,000
    2016
    $6,629
    2012
    $1,500
    2012
    $7,004
    Zoning & alternative use
    CBD · Massena, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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