7 Pearl St, Phelps, NY 14532-1109
This versatile 13,026 square foot commercial property, situated on a 1.1-acre lot at 7 Pearl St in Phelps, NY, presents a unique investment opportunity. Previously utilized as a bottle recycling center, retail lumber yard, and religious facility, the property boasts a rich history and adaptable layout. The building is primarily one-story, featuring a second-floor office loft above a kitchen and restroom area. A small partial basement houses the hot water heater. The front of the structure retains headers for potential overhead doors, ideal for loading and delivery. The property benefits from three-phase electric, LED lighting, and three furnaces (two above ceiling, one requiring repair) serving different building sections. Two sections also have air conditioning. A new water supply line connects to the street, and high-speed internet is available. The substantial rear lot offers ample space for storage or expansion. Public water, sewer, and gas services are connected. The 150x135' corner lot offers potential for subdivision into a residential building lot, subject to town approvals, or could remain with the commercial property for additional parking. The property's location adjacent to the railroad provides convenient access. Please note that many photos in the listing are from a 2013 sale and the property is sold "as is," requiring some repair work. Handicap accessibility is a feature. This property is ideal for a variety of commercial uses and presents significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
06 - INDUSTRIAL · Phelps, NYPhelps. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.