(Price adjustment 8/24)
23,600 SF | 100% Leased | Retail Building | Herkimer, NY 13350 | $970,000 ($41/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $970,000
- Property Type
-
Retail
- Square Feet
- 23,600 SF
- Price / Square Foot
- $41
Listing Contacts
Christine O'Connell More
Verified Profile
- Property Info
Property Overview
Downtown Herkimer, NY office building, a 23,600 sf office and mixed use building with entrances on both Main and Prospect Streets. Excellent parking and the office space is 100% occupied! Upside potential for a buyer to rent out the garage and attached service/retail front (which the sellers currently use) and also convert the basement to storage, gym, etc. Gross income of over $230,000 per year. Office tenants are a government entity who has been there for over twenty years and the other is a local not for profit agency who just signed a new lease. Priced at $45/sf, this property offered at well under replacement costs at $1,075,000. Herkimer is the county seat of Herkimer County, is just off the NY State Thruway (Rt. 90) and is halfway between Syracuse and Albany.
Property Details
- Class
- C
- Year Built
- 1987
- Stories
- 2
- Property Subtype
- Storefront Retail/Office
- Lot Size (sq. ft)
- 87,120 SF
Highlights
- Excellent office tenants
- Upside potential to rent garage/service space as well as basement
- Very good parking
- Walk to restaurants, stores and other downtown businesses
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