Property profile

582 Main St New York Mills, NY 13417

OFF-MARKET
Investment properties
Property ID
US63-0334644
26,096 SF 0.58 ac lot Built 1920
Entity Owned 24-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 26,096 square foot warehouse at 582 Main Street, New York Mills, NY 13417, presents a compelling investment opportunity. The property boasts a versatile industrial layout spread across four floors, including an accessible lower level. All floors are conveniently serviced by a freight elevator, enhancing operational efficiency. Significant upgrades have been implemented, including updated electrical and heating systems on the first and second floors, ensuring modern functionality. The building features a durable rubber roof, a comprehensive sprinkler system for fire safety, and a convenient loading dock. Power is supplied by an 800 Amp 3-phase electrical service. Ample parking is available in the large on-site lot. Currently zoned C1, this property offers a wide range of potential uses. Furthermore, with the necessary Planning Board approval, redevelopment into a mixed-use property incorporating residential living is a viable option. This presents a unique chance to capitalize on the growing demand for diverse commercial and residential spaces in a prime location. The property's size, features, and zoning make it an attractive prospect for both established businesses and forward-thinking developers seeking a significant investment in Oneida County, New York. The asking price is $549,000.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Total area 26,096 SF
Lot 0.58 ac (25,120 SF)
Zoning code 05 - COMMERCIAL
APN 304803 317.014-1-26
UPID US63-0334644

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Pet Store & Service

Location

582 Main St New York Mills, NY 13417-1449
New York Mills metro Census 23400 UTICA-ROME, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.00M
Blend (final) Blend
$1.04M

Owner & transaction history

Zoning & alternative use

05 - COMMERCIAL · New York Mills, 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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