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Property profile & analytics
FOR LEASE
Retail space

87 Main St Massena, NY 13662

11,152 SF 0.94 ac lot Built 1998
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US63-1560007
Property summary
AI-generated overview

This exceptional freestanding retail building, formerly a Rite Aid, presents a unique investment opportunity in Massena, NY. Located at 87 Main St, this single-tenant property boasts a substantial 11,130 square feet of vacant space, ready for immediate occupancy. Constructed in 1998, the building features an attractive brick façade and benefits from high visibility at a busy, signalized intersection near the downtown area. The property offers ample parking with 40 spaces available for customers and employees. Its strategic location provides frontage on three streets, maximizing exposure and accessibility. The single-story building is well-suited for a variety of uses, including retail, medical offices, or general office space. The property's parcel number is 9.067-2-16.1 within St. Lawrence County. This prime location in Massena, NY (zip code 13662), offers excellent potential for a new business or expansion. The property's size and location make it an ideal candidate for a variety of commercial ventures. The absence of elevators is noted. Cross Street is Orivs Street. This is a rare opportunity to acquire a well-situated, sizable commercial property in a thriving community.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1998
Total area 11,152 SF
Lot 0.94 ac (40,946 SF)
Zoning code CBD
APN 405801 9.067-2-16.1
UPID US63-1560007
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
  • Rite Aid Pharmacy Pharmacy
  • higi Physician
  • Western Union Bank Credit Union
  • Nicholas Rulffes Pharmacy
  • CDReload - Online Bitcoin ATM Crypto Atm Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.18M
Comparable Approach Comparable
$1.97M
Blend (final) Blend
$2.08M
Owner & transaction history
87 Main LLC · 4 yrs held
87 Main LLC
since 2021
3 recorded transactions
2021
$2.4M
2013
$2.4M
1969
Price N/A
Zoning & alternative use
CBD · Massena, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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