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Property profile & analytics
FOR SALE
Office buildings

72 Main St Massena, NY 13662

6,366 SF 0.32 ac lot Built 1950
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US63-1925269
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Total area 6,366 SF
Lot 0.32 ac (13,939 SF)
Zoning code CBD
APN 405801 9.067-1-9
UPID US63-1925269
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Coupal Investors LLC · 12 yrs held
Coupal Investors LLC
since 2013
1 recorded transaction
2013
$300,100
Zoning & alternative use
CBD · Massena, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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