72 Main St Massena, NY 13662
For Sale
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This exceptional 6,366 square foot commercial building, located at 72 Main Street in the heart of Massena, NY, presents a unique investment opportunity. Formerly an ophthalmology practice, the property boasts a solid brick and stone construction, ensuring durability and longevity. Recent upgrades include a new roof, a recently replaced natural gas furnace, and exterior paint completed in 2021, minimizing immediate maintenance needs. The building's layout features a ground floor and a second level, both offering versatile space. The second floor comprises several offices and bathrooms, perfectly suited for conversion into apartments or Airbnb units, capitalizing on the strong tourism potential near the Canadian border. The ground floor's ample space is ideal for professional offices, maintaining the building's legacy as a medical facility or adapting to a variety of commercial uses. The property is zoned Commercial Business District, providing flexibility for diverse business ventures. Convenient parking is available behind the building, adding to its appeal. Its location within the Massena Electric District ensures reliable utility services. This prime downtown location offers easy access to the Canadian border, enhancing its attractiveness to both local and international clientele. The combination of recent renovations, flexible zoning, and a desirable location makes this property an exceptional investment opportunity with significant potential for high returns.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CBD · Massena, NYCosts & 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.